Alliance Wealth Advisors LLC UT Has $293,000 Stock Position in HDFC Bank Limited (NYSE:HDB)

Alliance Wealth Advisors LLC UT boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 22.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,370 shares of the bank’s stock after purchasing an additional 804 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in HDFC Bank were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HDB. Skandinaviska Enskilda Banken AB publ acquired a new stake in HDFC Bank during the third quarter worth about $27,000. NBC Securities Inc. bought a new stake in HDFC Bank in the third quarter valued at $29,000. GAMMA Investing LLC acquired a new position in HDFC Bank during the fourth quarter worth $33,000. FinTrust Capital Advisors LLC lifted its holdings in shares of HDFC Bank by 36.4% during the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after acquiring an additional 185 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock worth $41,000 after purchasing an additional 291 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Price Performance

NYSE HDB traded up $0.01 during trading hours on Friday, reaching $58.34. 1,434,939 shares of the company’s stock were exchanged, compared to its average volume of 2,953,923. The firm has a fifty day moving average of $56.19 and a 200-day moving average of $58.56. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The stock has a market cap of $108.51 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd.

About HDFC Bank

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.