Leonteq Securities AG Acquires New Shares in HDFC Bank Limited $HDB

Leonteq Securities AG acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,751 shares of the bank’s stock, valued at approximately $1,526,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of HDFC Bank by 90.4% in the 3rd 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. Clearstead Advisors LLC lifted its stake in shares of HDFC Bank by 476.8% in the 3rd 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. Parkside Financial Bank & Trust raised its holdings in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the period. Accent Capital Management LLC lifted its position in HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in HDFC Bank during the 2nd quarter worth $75,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Insider Activity

In other news, insider Ashish Parthasarthy sold 6,000 shares of the business’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 transaction, the insider owned 848,558 shares in the company, valued at approximately $7,586,108.52. The trade was a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the business’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 in the company, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,600 shares of company stock worth $271,660. Insiders own 1.00% of the company’s stock.

HDFC Bank Price Performance

HDFC Bank stock opened at $24.62 on Friday. The firm has a market cap of $125.59 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.14 and a beta of 0.68. HDFC Bank Limited has a fifty-two week low of $23.75 and a fifty-two week high of $39.81. The firm has a fifty day moving average price of $25.78 and a two-hundred day moving average price of $31.30.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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).