Cable Hill Partners LLC Increases Stock Position in HDFC Bank Limited (NYSE:HDB)

Cable Hill Partners LLC boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,063 shares of the bank’s stock after buying an additional 856 shares during the quarter. Cable Hill Partners LLC’s holdings in HDFC Bank were worth $451,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

HDFC Bank Stock Down 0.3 %

Shares of HDB opened at $59.96 on Thursday. The stock has a market capitalization of $151.84 billion, a PE ratio of 18.22, a P/E/G ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a 1 year low of $53.00 and a 1 year high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50-day simple moving average is $61.02 and its 200-day simple moving average is $62.42.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

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.