Natural Investments LLC Takes $1.23 Million Position in HDFC Bank Limited (NYSE:HDB)

Natural Investments LLC bought a new stake in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,250 shares of the bank’s stock, valued at approximately $1,229,000.

Several other hedge funds have also recently added to or reduced their stakes in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after purchasing an additional 2,140,591 shares in the last quarter. FMR LLC raised its holdings in HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after purchasing an additional 1,114,210 shares in the last quarter. DJE Kapital AG acquired a new stake in HDFC Bank during the fourth quarter worth approximately $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in HDFC Bank by 177.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock worth $69,719,000 after purchasing an additional 687,811 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $58.85 on Tuesday. The firm’s fifty day simple moving average is $60.26 and its 200-day simple moving average is $62.44. The stock has a market capitalization of $149.01 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of research analyst reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.