Deltec Asset Management LLC Sells 500 Shares of HDFC Bank Limited (NYSE:HDB)

Deltec Asset Management LLC cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 25,100 shares of the bank’s stock after selling 500 shares during the period. Deltec Asset Management LLC’s holdings in HDFC Bank were worth $1,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. lifted its position in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC boosted its stake in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank in the third quarter valued at approximately $65,000. Finally, GAMMA Investing LLC increased its position in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 2.1 %

Shares of NYSE:HDB opened at $61.13 on Wednesday. The company has a market cap of $154.79 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.67 and a beta of 0.91. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The firm has a fifty day moving average price of $63.10 and a two-hundred day moving average price of $62.38. 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 announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. Analysts anticipate that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on HDB shares. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.