Perpetual Ltd grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 70.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,906 shares of the bank’s stock after buying an additional 60,170 shares during the period. HDFC Bank Limited accounts for 1.0% of Perpetual Ltd’s investment portfolio, making the stock its 22nd largest position. Perpetual Ltd’s holdings in HDFC Bank Limited were worth $12,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. First Interstate Bank purchased a new stake in HDFC Bank Limited during the 2nd quarter worth about $103,000. Parallel Advisors LLC lifted its holdings in HDFC Bank Limited by 14.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock worth $142,000 after purchasing an additional 189 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in HDFC Bank Limited by 744.5% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock worth $147,000 after purchasing an additional 1,489 shares in the last quarter. Huntington National Bank lifted its holdings in HDFC Bank Limited by 4.9% during the 2nd quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after purchasing an additional 81 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in HDFC Bank Limited during the 2nd quarter worth about $156,000. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HDFC Bank Limited (NYSE HDB) traded down 1.46% during trading on Tuesday, reaching $95.12. The company’s stock had a trading volume of 432,890 shares. The company has a 50 day moving average of $96.24 and a 200 day moving average of $89.46. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $100.26. The company has a market cap of $487.50 billion, a PE ratio of 205.89 and a beta of 0.85.

A number of analysts recently issued reports on HDB shares. BidaskClub cut HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research raised HDFC Bank Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $110.00.

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HDFC Bank Limited 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.

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

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