Flow Traders U.S. LLC Invests $897,000 in HDFC Bank Limited (HDB) Stock
Flow Traders U.S. LLC bought a new position in shares of HDFC Bank Limited (NYSE:HDB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,311 shares of the bank’s stock, valued at approximately $897,000.
Other institutional investors have also recently added to or reduced their stakes in the company. First Interstate Bank acquired a new position in shares of HDFC Bank during the second quarter valued at about $103,000. Parallel Advisors LLC raised its position in shares of HDFC Bank by 14.8% during the second quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock valued at $142,000 after buying an additional 189 shares during the last quarter. Creative Planning raised its position in shares of HDFC Bank by 7.1% during the second quarter. Creative Planning now owns 1,821 shares of the bank’s stock valued at $158,000 after buying an additional 121 shares during the last quarter. IFP Advisors Inc raised its position in shares of HDFC Bank by 7.0% during the second quarter. IFP Advisors Inc now owns 2,072 shares of the bank’s stock valued at $180,000 after buying an additional 136 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of HDFC Bank during the second quarter valued at about $217,000. 17.53% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $110.00.
HDFC Bank 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.
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