Choreo LLC Boosts Stock Holdings in HDFC Bank Limited $HDB

Choreo LLC grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 95.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,568 shares of the bank’s stock after buying an additional 30,125 shares during the period. Choreo LLC’s holdings in HDFC Bank were worth $2,103,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Insigneo Advisory Services LLC increased its stake in HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after acquiring an additional 152 shares during the last quarter. Huntington National Bank lifted its stake in shares of HDFC Bank by 13.3% in the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after purchasing an additional 158 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in shares of HDFC Bank by 3.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 7,681 shares of the bank’s stock worth $589,000 after purchasing an additional 223 shares during the period. First Horizon Advisors Inc. increased its position in HDFC Bank by 12.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,548 shares of the bank’s stock worth $195,000 after purchasing an additional 273 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in HDFC Bank by 5.8% in the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after buying an additional 311 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Down 0.6%

Shares of NYSE HDB opened at $31.82 on Monday. HDFC Bank Limited has a 52-week low of $29.23 and a 52-week high of $39.81. The stock has a market capitalization of $162.31 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.33 and a beta of 0.56. The firm’s 50-day moving average price is $33.61 and its two-hundred day moving average price is $35.05.

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).