William Blair Investment Management LLC Sells 177,969 Shares of HDFC Bank Limited (NYSE:HDB)

William Blair Investment Management LLC decreased its stake in HDFC Bank Limited (NYSE:HDB) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,489,151 shares of the bank’s stock after selling 177,969 shares during the period. William Blair Investment Management LLC’s holdings in HDFC Bank were worth $158,933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HDB. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $29,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $42,000. Kestra Investment Management LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank in the 3rd quarter worth $65,000. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $60.68 on Monday. The stock has a market capitalization of $153.66 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a fifty day moving average of $60.00 and a 200-day moving average of $62.42. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current 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.