Sequoia Financial Advisors LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

Sequoia Financial Advisors LLC purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) in the third quarter, HoldingsChannel.com reports. The firm purchased 16,775 shares of the bank’s stock, valued at approximately $1,049,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HDB. UMB Bank n.a. boosted its stake in shares of HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after buying an additional 248 shares during the period. Endowment Wealth Management Inc. raised its stake in HDFC Bank by 6.5% during the 1st quarter. Endowment Wealth Management Inc. now owns 4,438 shares of the bank’s stock valued at $248,000 after acquiring an additional 272 shares during the last quarter. GAMMA Investing LLC lifted its position in HDFC Bank by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after acquiring an additional 312 shares during the period. Mount Yale Investment Advisors LLC grew its stake in shares of HDFC Bank by 5.6% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 6,114 shares of the bank’s stock valued at $393,000 after purchasing an additional 322 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of HDFC Bank by 10.8% in the first quarter. Toronto Dominion Bank now owns 3,328 shares of the bank’s stock valued at $186,000 after purchasing an additional 325 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HDB has been the topic of a number of analyst reports. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

HDFC Bank Stock Performance

NYSE HDB opened at $63.60 on Friday. 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 business’s 50 day moving average is $62.03 and its two-hundred day moving average is $60.36. The stock has a market capitalization of $118.29 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44.

HDFC Bank Company 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.