Nationwide Fund Advisors decreased its stake in HDFC Bank Ltd. (NYSE:HDB) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,300 shares of the company’s stock after selling 1,500 shares during the period. Nationwide Fund Advisors’ holdings in HDFC Bank were worth $2,010,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of HDFC Bank by 93.3% in the first quarter. IFP Advisors Inc now owns 2,028 shares of the company’s stock valued at $125,000 after buying an additional 979 shares during the last quarter. Creative Planning increased its stake in shares of HDFC Bank by 226.4% in the second quarter. Creative Planning now owns 2,125 shares of the company’s stock valued at $141,000 after buying an additional 1,474 shares during the last quarter. Trillium Asset Management LLC bought a new stake in shares of HDFC Bank during the second quarter valued at approximately $211,000. Commonwealth Equity Services Inc bought a new stake in shares of HDFC Bank during the second quarter valued at approximately $211,000. Finally, Princeton Alpha Management LP bought a new stake in shares of HDFC Bank during the second quarter valued at approximately $247,000. 17.58% of the stock is owned by institutional investors and hedge funds.
Shares of HDFC Bank Ltd. (NYSE:HDB) traded up 0.43% during mid-day trading on Friday, reaching $71.83. 77,692 shares of the company’s stock traded hands. The firm has a 50-day moving average of $72.17 and a 200 day moving average of $67.15. HDFC Bank Ltd. has a 12-month low of $51.11 and a 12-month high of $74.04. The company has a market cap of $363.20 billion, a P/E ratio of 190.78 and a beta of 1.23.
Separately, Goldman Sachs Group Inc. raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, August 2nd.
About HDFC Bank
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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