Portfolio Design Labs LLC Takes $260,000 Position in HDFC Bank Limited (NYSE:HDB)

Portfolio Design Labs LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,071 shares of the bank’s stock, valued at approximately $260,000.

A number of other hedge funds also recently made changes to their positions in HDB. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank in the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of HDFC Bank in the 3rd quarter valued at $65,000. Finally, GAMMA Investing LLC raised its stake in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.6 %

Shares of HDFC Bank stock opened at $60.29 on Thursday. The stock has a market capitalization of $152.67 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $62.52 and a 200 day simple moving average of $62.41. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts expect that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.