Gilder Gagnon Howe & Co. LLC lowered its stake in shares of HDFC Bank Ltd. (NYSE:HDB) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,857 shares of the company’s stock after selling 24,657 shares during the period. HDFC Bank makes up 1.4% of Gilder Gagnon Howe & Co. LLC’s holdings, making the stock its 17th largest position. Gilder Gagnon Howe & Co. LLC’s holdings in HDFC Bank were worth $69,061,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in HDFC Bank by 4.7% in the second quarter. BNP Paribas Arbitrage SA now owns 95,427 shares of the company’s stock valued at $6,332,000 after buying an additional 4,292 shares during the period. Royal Bank of Canada raised its position in HDFC Bank by 6.6% in the first quarter. Royal Bank of Canada now owns 2,121,315 shares of the company’s stock valued at $130,736,000 after buying an additional 130,506 shares during the period. Samlyn Capital LLC raised its position in HDFC Bank by 12.9% in the first quarter. Samlyn Capital LLC now owns 1,339,790 shares of the company’s stock valued at $82,571,000 after buying an additional 152,800 shares during the period. Envestnet Asset Management Inc. raised its position in HDFC Bank by 31.3% in the first quarter. Envestnet Asset Management Inc. now owns 25,586 shares of the company’s stock valued at $1,577,000 after buying an additional 6,095 shares during the period. Finally, Renaissance Technologies LLC raised its position in HDFC Bank by 95.2% in the first quarter. Renaissance Technologies LLC now owns 248,900 shares of the company’s stock valued at $15,340,000 after buying an additional 121,400 shares during the period. 17.54% of the stock is owned by institutional investors.

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

Shares of HDFC Bank Ltd. (NYSE:HDB) traded down 0.43% during trading on Wednesday, reaching $72.53. The company had a trading volume of 197,780 shares. HDFC Bank Ltd. has a 12-month low of $51.11 and a 12-month high of $74.04. The company has a market cap of $366.74 billion, a P/E ratio of 192.64 and a beta of 1.23. The firm has a 50-day moving average of $72.25 and a 200-day moving average of $67.51.

Separately, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of HDFC Bank in a report on Wednesday, September 14th.

HDFC Bank Company Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

5 Day Chart for NYSE:HDB

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