Kontiki Capital Management HK Ltd. Has $269.03 Million Position in HDFC Bank Limited $HDB

Kontiki Capital Management HK Ltd. decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,362,626 shares of the bank’s stock after selling 56,517 shares during the period. HDFC Bank comprises about 15.6% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 2nd largest holding. Kontiki Capital Management HK Ltd. owned approximately 0.14% of HDFC Bank worth $269,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HDB. Larson Financial Group LLC increased its stake in HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after purchasing an additional 403 shares during the last quarter. Accent Capital Management LLC increased its stake in HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the last quarter. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its position in shares of HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after acquiring an additional 498 shares during the last quarter. Finally, Graney & King LLC grew its position in shares of HDFC Bank by 100.0% during the third quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock worth $41,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

HDFC Bank Stock Performance

HDFC Bank stock opened at $23.39 on Friday. The company has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $30.39. The firm has a market capitalization of $119.33 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.08 and a beta of 0.65. HDFC Bank Limited has a one year low of $23.31 and a one year high of $39.81.

Insider Activity

In other news, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the completion of the transaction, the insider owned 848,558 shares in the company, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the transaction, the insider owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,600 shares of company stock valued at $271,660 in the last 90 days. Insiders own 1.00% of the company’s stock.

About HDFC Bank

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).