XTX Topco Ltd Acquires 23,772 Shares of HDFC Bank Limited (NYSE:HDB)

XTX Topco Ltd raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 449.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,057 shares of the bank’s stock after purchasing an additional 23,772 shares during the quarter. XTX Topco Ltd’s holdings in HDFC Bank were worth $1,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank in the first quarter valued at approximately $34,000. Janiczek Wealth Management LLC bought a new position in shares of HDFC Bank during the first quarter worth approximately $35,000. Ridgewood Investments LLC acquired a new stake in HDFC Bank during the 2nd quarter worth approximately $36,000. Finally, LRI Investments LLC bought a new stake in HDFC Bank in the 1st quarter valued at $56,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Up 2.1 %

NYSE HDB opened at $64.80 on Friday. The company has a market cap of $120.52 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.63 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $60.69 and a 200-day moving average of $59.21.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.27. The firm had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. On average, equities research analysts expect that HDFC Bank Limited will post 2.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDB has been the topic of several recent research reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Profile

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.