Artisan Partners Limited Partnership Purchases 2,535,018 Shares of HDFC Bank Limited $HDB

Artisan Partners Limited Partnership grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 138.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,363,856 shares of the bank’s stock after purchasing an additional 2,535,018 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.09% of HDFC Bank worth $149,069,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HDB. Xponance Inc. boosted its stake in HDFC Bank by 117.8% in the third quarter. Xponance Inc. now owns 8,520 shares of the bank’s stock worth $291,000 after buying an additional 4,608 shares in the last quarter. Choreo LLC lifted its holdings in shares of HDFC Bank by 95.8% in the 3rd quarter. Choreo LLC now owns 61,568 shares of the bank’s stock worth $2,103,000 after acquiring an additional 30,125 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of HDFC Bank by 101.7% in the 3rd quarter. West Family Investments Inc. now owns 51,418 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 25,924 shares in the last quarter. Advisor OS LLC grew its holdings in shares of HDFC Bank by 46.6% during the 3rd quarter. Advisor OS LLC now owns 10,327 shares of the bank’s stock valued at $353,000 after purchasing an additional 3,285 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of HDFC Bank by 88.7% during the 3rd quarter. Westpac Banking Corp now owns 6,594 shares of the bank’s stock valued at $225,000 after purchasing an additional 3,099 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.4%

NYSE:HDB opened at $32.01 on Friday. The company has a 50-day moving average price of $33.69 and a 200-day moving average price of $35.11. The stock has a market cap of $163.30 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.34 and a beta of 0.57. HDFC Bank Limited has a 12 month low of $29.23 and a 12 month high of $39.81.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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).