Thoroughbred Financial Services LLC Sells 155 Shares of HDFC Bank Limited (HDB)

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Thoroughbred Financial Services LLC trimmed its holdings in HDFC Bank Limited (NYSE:HDB) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,349 shares of the bank’s stock after selling 155 shares during the period. Thoroughbred Financial Services LLC’s holdings in HDFC Bank were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Ruggie Capital Group purchased a new stake in shares of HDFC Bank in the fourth quarter valued at about $25,000. Lindbrook Capital LLC purchased a new stake in HDFC Bank during the fourth quarter worth about $26,000. Enlightenment Research LLC purchased a new stake in HDFC Bank during the fourth quarter worth about $31,000. We Are One Seven LLC purchased a new stake in HDFC Bank during the fourth quarter worth about $50,000. Finally, Trilogy Global Advisors LP increased its holdings in HDFC Bank by 4.0% during the fourth quarter. Trilogy Global Advisors LP now owns 683,298 shares of the bank’s stock worth $71,000 after buying an additional 26,105 shares during the last quarter. 19.06% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HDB traded up $0.63 during trading hours on Friday, reaching $117.65. 310,240 shares of the company were exchanged, compared to its average volume of 579,572. HDFC Bank Limited has a 1 year low of $85.43 and a 1 year high of $120.64. The company has a market capitalization of $98.96 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Separately, Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday.

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HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

Read More: How can you know how many shares are floating?

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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