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 Limited (HDB) opened at $95.60 on Friday. The company has a market cap of $81,147.29, a PE ratio of 35.71, a PEG ratio of 1.08 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $100.26.

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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.

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

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