HDFC Bank Limited (NYSE:HDB) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its position in HDFC Bank Limited (NYSE:HDB) by 29.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,715,215 shares of the bank’s stock after selling 724,982 shares during the quarter. Jennison Associates LLC owned about 0.09% of HDFC Bank worth $115,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HDB. Naples Global Advisors LLC increased its stake in shares of HDFC Bank by 72.5% during the 3rd quarter. Naples Global Advisors LLC now owns 11,799 shares of the bank’s stock valued at $696,000 after acquiring an additional 4,960 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of HDFC Bank by 22.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 22,339 shares of the bank’s stock valued at $1,318,000 after acquiring an additional 4,151 shares during the last quarter. Park Place Capital Corp increased its stake in shares of HDFC Bank by 84.9% during the 3rd quarter. Park Place Capital Corp now owns 867 shares of the bank’s stock valued at $51,000 after acquiring an additional 398 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in shares of HDFC Bank by 14.4% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 45,350 shares of the bank’s stock valued at $2,676,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of HDFC Bank by 246.4% during the 3rd quarter. Caprock Group LLC now owns 11,549 shares of the bank’s stock valued at $682,000 after acquiring an additional 8,215 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday.

HDFC Bank Stock Down 1.3 %

HDB opened at $58.29 on Tuesday. The firm has a 50 day moving average price of $55.79 and a 200 day moving average price of $58.58. The company has a market cap of $108.41 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $71.39. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.