Wealthstream Advisors Inc. Takes $245,000 Position in HDFC Bank Limited (NYSE:HDB)

Wealthstream Advisors Inc. bought a new position in HDFC Bank Limited (NYSE:HDB) in the third quarter, HoldingsChannel.com reports. The fund bought 3,918 shares of the bank’s stock, valued at approximately $245,000.

A number of other large investors have also added to or reduced their stakes in HDB. Ridgewood Investments LLC bought a new stake in shares of HDFC Bank in the second quarter worth $36,000. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank during the 3rd quarter valued at about $38,000. JFS Wealth Advisors LLC increased its position in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. LRI Investments LLC bought a new position in shares of HDFC Bank in the 1st quarter worth approximately $56,000. Finally, GAMMA Investing LLC boosted its holdings in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

HDFC Bank Stock Performance

HDB opened at $61.38 on Thursday. The company has a 50 day simple moving average of $62.81 and a two-hundred day simple moving average of $60.93. 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 firm has a market cap of $155.43 billion, a P/E ratio of 18.66, a PEG ratio of 1.63 and a beta of 0.91. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (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%. Equities analysts forecast that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal year.

HDFC Bank Company 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.