HDFC Bank Limited (NYSE:HDB) Shares Acquired by HighVista Strategies LLC

HighVista Strategies LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 9.6% during the third quarter, HoldingsChannel reports. The fund owned 27,441 shares of the bank’s stock after acquiring an additional 2,400 shares during the quarter. HighVista Strategies LLC’s holdings in HDFC Bank were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. grew its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the period. Ridgewood Investments LLC acquired a new position in HDFC Bank during the second quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new position in HDFC Bank during the third quarter worth about $38,000. JFS Wealth Advisors LLC grew its position in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. Finally, GAMMA Investing LLC grew its position in HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Trading Down 0.5 %

Shares of HDB opened at $66.43 on Tuesday. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.76. The firm has a market capitalization of $168.22 billion, a P/E ratio of 20.19, a PEG ratio of 1.77 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average is $63.34 and its two-hundred day moving average is $61.61.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. On average, research analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

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.