Quantbot Technologies LP Trims Stock Position in HDFC Bank Limited (NYSE:HDB)

Quantbot Technologies LP decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 91.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,119 shares of the bank’s stock after selling 22,628 shares during the quarter. Quantbot Technologies LP’s holdings in HDFC Bank were worth $135,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HDB. Whipplewood Advisors LLC purchased a new stake in HDFC Bank in the 4th quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at approximately $42,000. Kestra Investment Management LLC acquired a new position in shares of HDFC Bank in the fourth quarter valued at approximately $60,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 52.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock worth $65,000 after purchasing an additional 351 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth $75,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

HDB opened at $66.15 on Monday. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50. The stock has a market cap of $167.50 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The stock’s 50 day simple moving average is $61.01 and its 200 day simple moving average is $62.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HDB shares. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “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.