Two Creeks Capital Management LP Purchases 70,925 Shares of HDFC Bank Limited $HDB

Two Creeks Capital Management LP raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 736,895 shares of the bank’s stock after purchasing an additional 70,925 shares during the quarter. HDFC Bank accounts for approximately 1.8% of Two Creeks Capital Management LP’s investment portfolio, making the stock its 22nd largest holding. Two Creeks Capital Management LP’s holdings in HDFC Bank were worth $25,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HDB. Hudson Edge Investment Partners Inc. increased its holdings in shares of HDFC Bank by 100.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock valued at $51,452,000 after acquiring an additional 755,200 shares during the period. Jacobson & Schmitt Advisors LLC grew its position in HDFC Bank by 97.7% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock worth $13,088,000 after purchasing an additional 189,303 shares during the last quarter. ABN Amro Investment Solutions lifted its stake in shares of HDFC Bank by 100.0% during the third quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock worth $7,141,000 after buying an additional 104,525 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of HDFC Bank by 102.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 2,369,307 shares of the bank’s stock valued at $80,936,000 after buying an additional 1,199,084 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position in shares of HDFC Bank by 77.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,687,380 shares of the bank’s stock valued at $57,641,000 after acquiring an additional 735,409 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB opened at $28.25 on Friday. The stock has a market cap of $144.11 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.18 and a beta of 0.56. The firm has a fifty day moving average price of $32.28 and a 200 day moving average price of $34.56. HDFC Bank Limited has a 1 year low of $28.05 and a 1 year high of $39.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HDB shares. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings cut 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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).