HDFC Bank Limited (NYSE:HDB) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in HDFC Bank Limited (NYSE:HDB) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,276 shares of the bank’s stock after selling 738 shares during the quarter. Hantz Financial Services Inc.’s holdings in HDFC Bank were worth $4,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HDB. Pin Oak Investment Advisors Inc. lifted its position in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Ridgewood Investments LLC purchased a new position in HDFC Bank during the second quarter worth about $36,000. Northwest Investment Counselors LLC purchased a new position in HDFC Bank during the third quarter worth about $38,000. JFS Wealth Advisors LLC lifted 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, LRI Investments LLC purchased a new position in HDFC Bank during the first quarter worth about $56,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

HDFC Bank stock opened at $66.79 on Friday. The stock’s 50-day moving average is $63.34 and its 200-day moving average is $61.53. The company has a market cap of $169.13 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.76.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.