Profund Advisors LLC Sells 7,161 Shares of HDFC Bank Limited (NYSE:HDB)

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Profund Advisors LLC reduced its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 22.2% during the second quarter, HoldingsChannel reports. The firm owned 25,148 shares of the bank’s stock after selling 7,161 shares during the period. Profund Advisors LLC’s holdings in HDFC Bank were worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HDB. GQG Partners LLC lifted its holdings in shares of HDFC Bank by 8.6% during the first quarter. GQG Partners LLC now owns 8,843,079 shares of the bank’s stock valued at $1,023,866,000 after purchasing an additional 703,291 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of HDFC Bank by 12,904.0% during the second quarter. Thoroughbred Financial Services LLC now owns 565,543 shares of the bank’s stock valued at $56,554,000 after purchasing an additional 561,194 shares in the last quarter. FMR LLC lifted its holdings in shares of HDFC Bank by 4.1% during the first quarter. FMR LLC now owns 13,850,960 shares of the bank’s stock valued at $1,605,465,000 after purchasing an additional 546,766 shares in the last quarter. WCM Investment Management LLC lifted its holdings in HDFC Bank by 3.9% in the second quarter. WCM Investment Management LLC now owns 10,095,183 shares of the bank’s stock valued at $1,312,778,000 after acquiring an additional 381,146 shares during the period. Finally, Menora Mivtachim Holdings LTD. lifted its holdings in HDFC Bank by 98.1% in the first quarter. Menora Mivtachim Holdings LTD. now owns 676,600 shares of the bank’s stock valued at $78,425,000 after acquiring an additional 335,000 shares during the period. 19.37% of the stock is currently owned by hedge funds and other institutional investors.

HDB stock traded down $0.01 during trading on Friday, reaching $104.91. The stock had a trading volume of 28,467 shares, compared to its average volume of 1,066,571. HDFC Bank Limited has a 52 week low of $85.43 and a 52 week high of $131.78. The stock’s 50 day moving average is $109.91 and its two-hundred day moving average is $116.23. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64. The firm has a market cap of $90.67 billion, a PE ratio of 31.60, a PEG ratio of 1.17 and a beta of 0.45.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, July 20th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). HDFC Bank had a net margin of 17.98% and a return on equity of 13.23%. The firm had revenue of $4.65 billion during the quarter. On average, research analysts anticipate that HDFC Bank Limited will post 3.97 EPS for the current year.

A number of research firms have weighed in on HDB. Zacks Investment Research downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday. Sanford C. Bernstein downgraded HDFC Bank from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, Nomura downgraded HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 target price on the stock. in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. HDFC Bank has a consensus rating of “Hold” and an average target price of $136.82.

About HDFC Bank

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.

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

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