Hudson Edge Investment Partners Inc. Grows Position in HDFC Bank Limited (NYSE:HDB)

Hudson Edge Investment Partners Inc. grew its stake in HDFC Bank Limited (NYSE:HDB) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 867,900 shares of the bank’s stock after acquiring an additional 51,500 shares during the quarter. HDFC Bank accounts for 10.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its biggest holding. Hudson Edge Investment Partners Inc.’s holdings in HDFC Bank were worth $55,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HDB. Temasek Holdings Private Ltd raised its stake in shares of HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after purchasing an additional 132,445 shares during the last quarter. FMR LLC raised its stake in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after purchasing an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after purchasing an additional 560,880 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HDFC Bank by 2.2% in the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after purchasing an additional 108,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of HDFC Bank by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after purchasing an additional 51,736 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Down 0.2 %

HDFC Bank stock opened at $59.46 on Friday. The stock has a market cap of $150.56 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50. The stock has a fifty day moving average of $61.36 and a 200 day moving average of $62.40.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

HDB has been the subject of several recent analyst reports. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Company Profile

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.