Seafarer Capital Partners LLC Buys New Shares in HDFC Bank Limited $HDB

Seafarer Capital Partners LLC bought a new position in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, Holdings Channel.com reports. The firm bought 632,000 shares of the bank’s stock, valued at approximately $23,055,000. HDFC Bank comprises about 6.0% of Seafarer Capital Partners LLC’s holdings, making the stock its 6th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Central Pacific Bank Trust Division grew its stake in HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after purchasing an additional 379 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after purchasing an additional 403 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares during the last quarter. Accent Capital Management LLC lifted its holdings in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after purchasing an additional 459 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE HDB opened at $25.38 on Tuesday. The firm has a market capitalization of $129.46 billion, a P/E ratio of 15.24, a PEG ratio of 1.06 and a beta of 0.56. The stock has a 50-day simple moving average of $31.48 and a two-hundred day simple moving average of $34.18. HDFC Bank Limited has a fifty-two week low of $24.74 and a fifty-two week high of $39.81.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HDB. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HDFC Bank currently has a consensus rating of “Reduce”.

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).