HDFC Bank Limited $HDB Shares Bought by Dodge & Cox

Dodge & Cox raised its stake in HDFC Bank Limited (NYSE:HDB) by 108.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,214,800 shares of the bank’s stock after buying an additional 3,232,400 shares during the period. Dodge & Cox’s holdings in HDFC Bank were worth $212,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division raised its holdings in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC grew its holdings in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the period. Clearstead Advisors LLC increased its position in HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after purchasing an additional 739 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in HDFC Bank by 100.0% during the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after purchasing an additional 510 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HDB has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HDFC Bank presently has a consensus rating of “Reduce”.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $28.25 on Friday. The stock has a market capitalization of $144.11 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The business has a 50-day moving average of $32.28 and a 200 day moving average of $34.56. HDFC Bank Limited has a 12 month low of $28.05 and a 12 month high of $39.81.

HDFC Bank Company Profile

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).