William Blair Investment Management LLC Buys 88,635 Shares of HDFC Bank Limited (NYSE:HDB)

William Blair Investment Management LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,502,917 shares of the bank’s stock after purchasing an additional 88,635 shares during the quarter. William Blair Investment Management LLC’s holdings in HDFC Bank were worth $161,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FIL Ltd increased its holdings in HDFC Bank by 10.8% in the fourth quarter. FIL Ltd now owns 13,594,291 shares of the bank’s stock valued at $912,313,000 after purchasing an additional 1,326,574 shares during the last quarter. Baillie Gifford & Co. increased its holdings in HDFC Bank by 2.3% in the second quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after purchasing an additional 263,690 shares during the last quarter. Harding Loevner LP increased its holdings in HDFC Bank by 31.7% in the fourth quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock valued at $621,646,000 after purchasing an additional 2,276,203 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in HDFC Bank by 24.1% in the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after purchasing an additional 1,711,784 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in HDFC Bank by 1.6% in the fourth quarter. Schroder Investment Management Group now owns 8,667,541 shares of the bank’s stock valued at $581,679,000 after purchasing an additional 133,791 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HDB shares. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

HDFC Bank Stock Performance

HDB opened at $62.60 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $158.52 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.63 and a beta of 0.92. The business’s 50-day moving average price is $60.48 and its two-hundred day moving average price is $58.94. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44.

HDFC Bank (NYSE:HDB) last released its earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27. The firm had revenue of $14.03 billion for 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%. Equities analysts expect that HDFC Bank Limited will post 2.97 EPS for the current fiscal year.

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.