HDFC Bank Limited $HDB Shares Acquired by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 106.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,100 shares of the bank’s stock after acquiring an additional 26,900 shares during the period. Waverton Investment Management Ltd’s holdings in HDFC Bank were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC raised its stake in shares of HDFC Bank by 136.4% during the 2nd quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after buying an additional 390 shares in the last quarter. Assetmark Inc. grew its holdings in HDFC Bank by 358.4% during the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock worth $54,000 after acquiring an additional 552 shares during the period. Central Pacific Bank Trust Division raised its position in HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after acquiring an additional 739 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

HDFC Bank Stock Performance

HDB stock opened at $31.82 on Monday. The stock’s 50 day moving average price is $33.61 and its 200 day moving average price is $35.05. The firm has a market cap of $162.31 billion, a P/E ratio of 19.11, a PEG ratio of 1.33 and a beta of 0.56. HDFC Bank Limited has a 1 year low of $29.23 and a 1 year high of $39.81.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).