One Wealth Advisors LLC Cuts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

One Wealth Advisors LLC reduced its stake in HDFC Bank Limited (NYSE:HDB) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,056 shares of the bank’s stock after selling 1,365 shares during the quarter. One Wealth Advisors LLC’s holdings in HDFC Bank were worth $770,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HDB. Capital Insight Partners LLC increased its stake in HDFC Bank by 2.7% in the 4th quarter. Capital Insight Partners LLC now owns 49,695 shares of the bank’s stock valued at $3,174,000 after buying an additional 1,297 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $214,000. Caprock Group LLC increased its position in shares of HDFC Bank by 15.7% during the fourth quarter. Caprock Group LLC now owns 25,261 shares of the bank’s stock valued at $1,613,000 after acquiring an additional 3,430 shares during the last quarter. First Affirmative Financial Network boosted its position in HDFC Bank by 12.9% in the fourth quarter. First Affirmative Financial Network now owns 4,097 shares of the bank’s stock worth $262,000 after purchasing an additional 469 shares during the last quarter. Finally, DMC Group LLC boosted its position in HDFC Bank by 9.3% in the fourth quarter. DMC Group LLC now owns 7,237 shares of the bank’s stock worth $462,000 after purchasing an additional 617 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Performance

Shares of HDB opened at $60.62 on Monday. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year 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. The stock’s fifty day moving average price is $63.35 and its two-hundred day moving average price is $62.37. The firm has a market cap of $153.51 billion, a PE ratio of 18.43, a PEG ratio of 1.67 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current year.

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.