HDFC Bank Limited (NYSE:HDB) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 54.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,656 shares of the bank’s stock after selling 1,944 shares during the period. Smartleaf Asset Management LLC’s holdings in HDFC Bank were worth $106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $42,000. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank during the third quarter valued at approximately $65,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

NYSE HDB opened at $59.08 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $60.37 and a 200 day simple moving average of $62.44. The company has a market cap of $149.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

HDB has been the topic of a number of recent analyst reports. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.