Kontiki Capital Management HK Ltd. Raises Holdings in HDFC Bank Limited $HDB

Kontiki Capital Management HK Ltd. increased its stake in HDFC Bank Limited (NYSE:HDB) by 97.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,419,143 shares of the bank’s stock after buying an additional 3,661,469 shares during the period. HDFC Bank accounts for about 13.5% of Kontiki Capital Management HK Ltd.’s holdings, making the stock its 3rd largest holding. Kontiki Capital Management HK Ltd.’s holdings in HDFC Bank were worth $253,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Laird Norton Wetherby Wealth Management LLC raised its stake in HDFC Bank by 83.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,852 shares of the bank’s stock valued at $2,284,000 after buying an additional 30,354 shares during the last quarter. Larson Financial Group LLC boosted its holdings in HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after acquiring an additional 403 shares in the last quarter. Jain Global LLC purchased a new stake in shares of HDFC Bank in the third quarter worth $4,266,000. HighVista Strategies LLC increased its holdings in shares of HDFC Bank by 146.8% during the third quarter. HighVista Strategies LLC now owns 32,682 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 19,441 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of HDFC Bank by 64.6% during the third quarter. Hilltop Holdings Inc. now owns 6,750 shares of the bank’s stock valued at $231,000 after acquiring an additional 2,648 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 2.8%

Shares of HDB opened at $29.01 on Tuesday. The company has a market cap of $147.98 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.17 and a beta of 0.56. The business’s fifty day simple moving average is $32.17 and its two-hundred day simple moving average is $34.49. HDFC Bank Limited has a 12 month low of $28.05 and a 12 month high of $39.81.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

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).