C WorldWide Group Holding A S Has $274.25 Million Stock Position in HDFC Bank Limited $HDB

C WorldWide Group Holding A S trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 7,505,340 shares of the bank’s stock after selling 1,857,488 shares during the quarter. HDFC Bank accounts for 4.8% of C WorldWide Group Holding A S’s holdings, making the stock its 8th biggest holding. C WorldWide Group Holding A S’s holdings in HDFC Bank were worth $274,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Aubrey Capital Management Ltd lifted its position in shares of HDFC Bank by 5.2% during the fourth quarter. Aubrey Capital Management Ltd now owns 32,345 shares of the bank’s stock worth $1,180,000 after purchasing an additional 1,608 shares during the last quarter. Advisor OS LLC lifted its position in shares of HDFC Bank by 11.9% during the fourth quarter. Advisor OS LLC now owns 11,559 shares of the bank’s stock worth $422,000 after purchasing an additional 1,232 shares during the last quarter. NewEdge Wealth LLC lifted its position in shares of HDFC Bank by 6.6% during the fourth quarter. NewEdge Wealth LLC now owns 53,397 shares of the bank’s stock worth $1,951,000 after purchasing an additional 3,304 shares during the last quarter. Ethic Inc. lifted its position in shares of HDFC Bank by 13.8% during the fourth quarter. Ethic Inc. now owns 166,432 shares of the bank’s stock worth $6,081,000 after purchasing an additional 20,144 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in shares of HDFC Bank by 9.6% during the fourth quarter. MGO One Seven LLC now owns 8,261 shares of the bank’s stock worth $302,000 after purchasing an additional 727 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Price Performance

HDB stock opened at $25.01 on Monday. The business has a 50-day moving average price of $27.06 and a 200 day moving average price of $32.17. The company has a market capitalization of $127.56 billion, a P/E ratio of 14.97, a PEG ratio of 1.16 and a beta of 0.68. HDFC Bank Limited has a 1-year low of $23.91 and a 1-year high of $39.81.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Insider Activity

In related news, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the insider owned 638,422 shares of the company’s stock, valued at $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,600 shares of company stock valued at $271,660 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

HDFC Bank 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).