HDFC Bank Limited $HDB Stock Holdings Raised by Helios Capital Management PTE. Ltd.

Helios Capital Management PTE. Ltd. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,400 shares of the bank’s stock after buying an additional 168,700 shares during the quarter. HDFC Bank comprises approximately 7.8% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its 2nd biggest position. Helios Capital Management PTE. Ltd.’s holdings in HDFC Bank were worth $11,526,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in shares of HDFC Bank by 150.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after acquiring an additional 6,963,646 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of HDFC Bank by 100.4% during the third quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock valued at $278,873,000 after purchasing an additional 4,089,267 shares during the last quarter. Northcape Capital Pty Ltd boosted its position in shares of HDFC Bank by 86.9% in the 3rd quarter. Northcape Capital Pty Ltd now owns 5,263,443 shares of the bank’s stock worth $179,799,000 after purchasing an additional 2,447,948 shares in the last quarter. CCLA Investment Management grew its stake in shares of HDFC Bank by 104.2% in the 3rd quarter. CCLA Investment Management now owns 4,352,450 shares of the bank’s stock worth $148,952,000 after buying an additional 2,221,419 shares during the last quarter. Finally, M&G PLC increased its position in HDFC Bank by 184.2% during the 2nd quarter. M&G PLC now owns 3,407,929 shares of the bank’s stock valued at $262,411,000 after buying an additional 2,208,824 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.9%

Shares of HDB stock opened at $33.11 on Monday. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81. The stock has a market capitalization of $168.88 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.33 and a beta of 0.57. The firm’s 50 day moving average is $35.88 and its 200 day moving average is $36.37.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. The firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HDB shares. Wall Street Zen cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of HDFC Bank in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, HDFC Bank has an average rating of “Moderate Buy”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).