Motley Fool Wealth Management LLC Has $4.67 Million Position in HDFC Bank Limited $HDB

Motley Fool Wealth Management LLC lowered its position in HDFC Bank Limited (NYSE:HDB) by 16.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 127,697 shares of the bank’s stock after selling 24,603 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in HDFC Bank were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in HDFC Bank by 137.6% in the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock valued at $861,554,000 after acquiring an additional 14,606,422 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in HDFC Bank by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,504,634 shares of the bank’s stock valued at $749,239,000 after acquiring an additional 1,299,851 shares during the last quarter. Franklin Resources Inc. lifted its stake in HDFC Bank by 106.1% in the third quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock valued at $474,310,000 after acquiring an additional 7,147,440 shares during the last quarter. Wellington Management Group LLP lifted its stake in HDFC Bank by 94.3% in the third quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock valued at $449,381,000 after acquiring an additional 6,386,002 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in HDFC Bank by 6.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,392,854 shares of the bank’s stock valued at $452,835,000 after acquiring an additional 791,226 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Insider Transactions at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,600 shares of company stock worth $271,660 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $23.26 on Wednesday. HDFC Bank Limited has a 52 week low of $22.91 and a 52 week high of $39.81. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.07 and a beta of 0.65. The firm’s 50-day simple moving average is $25.05 and its 200 day simple moving average is $30.15.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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).