HDFC Bank Limited $HDB Shares Purchased by Compound Planning Inc.

Compound Planning Inc. increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 121.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,055 shares of the bank’s stock after buying an additional 30,198 shares during the period. Compound Planning Inc.’s holdings in HDFC Bank were worth $1,881,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of HDFC Bank by 104.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after acquiring 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 valued at $396,312,000 after purchasing an additional 6,963,646 shares in the last quarter. Schroder Investment Management Group raised its holdings in HDFC Bank by 19.0% in the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock worth $813,830,000 after purchasing an additional 1,692,243 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 purchasing an additional 4,810,042 shares in the last quarter. Finally, C WorldWide Group Holding A S boosted its position in HDFC Bank by 133.0% during 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 in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Price Performance

NYSE HDB opened at $32.21 on Wednesday. The stock’s 50 day simple moving average is $33.82 and its 200-day simple moving average is $35.16. The company has a market cap of $164.30 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.36 and a beta of 0.57. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81.

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).