JFS Wealth Advisors LLC Purchases 275 Shares of HDFC Bank Limited (NYSE:HDB)

JFS Wealth Advisors LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 70.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667 shares of the bank’s stock after purchasing an additional 275 shares during the quarter. JFS Wealth Advisors LLC’s holdings in HDFC Bank were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HDB. Ridgewood Investments LLC bought a new position in shares of HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank during the third quarter worth $38,000. GAMMA Investing LLC boosted its position in HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after buying an additional 324 shares during the period. LRI Investments LLC bought a new position in HDFC Bank in the first quarter worth approximately $56,000. Finally, Boit C F David bought a new position in shares of HDFC Bank during the 2nd quarter worth $100,000. 17.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Trading Up 0.3 %

NYSE HDB opened at $63.21 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $160.05 billion, a P/E ratio of 19.21, a PEG ratio of 1.68 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. The firm’s 50-day moving average is $62.46 and its two-hundred day moving average is $60.61.

About HDFC Bank

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.