HDFC Bank Limited (NYSE:HDB) Stock Position Increased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in HDFC Bank Limited (NYSE:HDB) by 46.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,747 shares of the bank’s stock after purchasing an additional 7,825 shares during the quarter. Quantbot Technologies LP’s holdings in HDFC Bank were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HDB. Ridgewood Investments LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank during the third quarter valued at $38,000. JFS Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the period. GAMMA Investing LLC raised its stake in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after purchasing an additional 324 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in HDFC Bank in the first quarter worth about $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $66.79 on Friday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.76. 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 company’s 50-day moving average price is $63.34 and its two-hundred day moving average price is $61.53. The stock has a market cap of $169.13 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. As a group, sell-side analysts anticipate that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

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.