HDFC Bank Limited $HDB Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,292 shares of the bank’s stock after buying an additional 28,146 shares during the quarter. Banque Cantonale Vaudoise’s holdings in HDFC Bank were worth $1,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its holdings in shares of HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Parkside Financial Bank & Trust boosted its position in HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Accent Capital Management LLC grew its holdings in HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after buying an additional 739 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of HDFC Bank by 100.0% in the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDB opened at $28.47 on Thursday. HDFC Bank Limited has a 1 year low of $28.32 and a 1 year high of $39.81. The company’s 50 day simple moving average is $32.60 and its 200 day simple moving average is $34.66. The stock has a market capitalization of $145.22 billion, a PE ratio of 17.10, a P/E/G ratio of 1.23 and a beta of 0.56.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HDFC Bank currently has a consensus 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).