GAMMA Investing LLC Acquires 1,023 Shares of HDFC Bank Limited (NYSE:HDB)

GAMMA Investing LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 84.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,238 shares of the bank’s stock after purchasing an additional 1,023 shares during the period. GAMMA Investing LLC’s holdings in HDFC Bank were worth $143,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Temasek Holdings Private Ltd increased its position in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after buying an additional 132,445 shares in the last quarter. FMR LLC grew its stake in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after acquiring an additional 560,880 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after acquiring an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after purchasing an additional 51,736 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of HDB opened at $60.39 on Friday. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50. The company has a market capitalization of $152.93 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The firm has a 50 day moving average of $64.63 and a 200 day moving average of $62.82. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.