Headlands Technologies LLC Has $719,000 Stake in HDFC Bank Limited $HDB

Headlands Technologies LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 53.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,844 shares of the bank’s stock after selling 31,999 shares during the quarter. Headlands Technologies LLC’s holdings in HDFC Bank were worth $719,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in 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 period. Axiom Investment Management LLC acquired a new stake in HDFC Bank during the first quarter worth approximately $32,000. Bell Investment Advisors Inc grew its stake in HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock worth $34,000 after purchasing an additional 1,002 shares during the period. Pin Oak Investment Advisors Inc. increased its holdings in HDFC Bank by 100.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after purchasing an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in HDFC Bank in the third quarter worth approximately $43,000. 17.61% of the stock is owned by institutional investors.

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HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $22.96 on Wednesday. The business has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $25.83. HDFC Bank Limited has a one year low of $22.30 and a one year high of $37.45. The firm has a market capitalization of $117.81 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.07 and a beta of 0.63.

HDFC Bank (NYSE:HDBGet Free Report) last announced its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%.The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $5 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

HDB has been the topic of a number of research analyst reports. HSBC cut HDFC Bank from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. The Goldman Sachs Group began coverage on shares of HDFC Bank in a research report on Friday, August 21st. They set a “buy” rating on the stock. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, HDFC Bank presently has a consensus rating of “Hold”.

Read Our Latest Research Report on HDFC Bank

HDFC Bank Profile

(Free Report)

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).

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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