ANTIPODES PARTNERS Ltd Purchases 149,094 Shares of HDFC Bank Limited $HDB

ANTIPODES PARTNERS Ltd lifted its position in HDFC Bank Limited (NYSE:HDB) by 112.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 281,504 shares of the bank’s stock after acquiring an additional 149,094 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in HDFC Bank were worth $9,617,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HDB. JPMorgan Chase & Co. raised its holdings in HDFC Bank by 104.4% in the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after purchasing an additional 9,808,890 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of HDFC Bank by 150.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after acquiring an additional 6,963,646 shares in the last quarter. Schroder Investment Management Group lifted its position in HDFC Bank by 19.0% during the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock valued at $813,830,000 after acquiring an additional 1,692,243 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in HDFC Bank by 89.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock worth $348,741,000 after acquiring an additional 4,810,042 shares in the last quarter. Finally, C WorldWide Group Holding A S grew its holdings in HDFC Bank by 133.0% in the third quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock worth $319,834,000 after purchasing an additional 5,345,005 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 1.2%

Shares of HDB opened at $33.11 on Friday. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81. The company has a market capitalization of $168.88 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.57. The firm has a 50 day moving average of $33.94 and a 200 day moving average of $35.27.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HDB. 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 upgraded HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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).