Oaktree Capital Management LP Buys 66,363 Shares of HDFC Bank Limited $HDB

Oaktree Capital Management LP grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 78.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,206 shares of the bank’s stock after buying an additional 66,363 shares during the period. Oaktree Capital Management LP’s holdings in HDFC Bank were worth $5,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HDB. Hudson Edge Investment Partners Inc. raised its holdings in HDFC Bank by 100.6% during the third quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock valued at $51,452,000 after acquiring an additional 755,200 shares during the period. Jacobson & Schmitt Advisors LLC grew its holdings in HDFC Bank by 97.7% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock valued at $13,088,000 after buying an additional 189,303 shares in the last quarter. ABN Amro Investment Solutions raised its position in shares of HDFC Bank by 100.0% during the third quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock valued at $7,141,000 after buying an additional 104,525 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of HDFC Bank by 102.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 2,369,307 shares of the bank’s stock worth $80,936,000 after buying an additional 1,199,084 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its position in shares of HDFC Bank by 77.3% during the third quarter. Impax Asset Management Group plc now owns 1,687,380 shares of the bank’s stock worth $57,641,000 after acquiring an additional 735,409 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, HDFC Bank currently has an average rating of “Reduce”.

HDFC Bank Stock Performance

NYSE HDB traded down $0.15 on Friday, hitting $28.24. 987,140 shares of the stock were exchanged, compared to its average volume of 7,003,443. HDFC Bank Limited has a 52-week low of $28.05 and a 52-week high of $39.81. The firm has a market capitalization of $144.05 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.19 and a beta of 0.56. The stock has a fifty day moving average price of $32.44 and a two-hundred day moving average price of $34.62.

HDFC Bank 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).