Formuepleje A S Sells 143,162 Shares of HDFC Bank Limited $HDB

Formuepleje A S decreased its position in HDFC Bank Limited (NYSE:HDB) by 81.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,348 shares of the bank’s stock after selling 143,162 shares during the quarter. Formuepleje A S’s holdings in HDFC Bank were worth $861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elliott Investment Management L.P. boosted its stake in HDFC Bank by 267.7% during the first quarter. Elliott Investment Management L.P. now owns 797,085 shares of the bank’s stock worth $19,831,000 after acquiring an additional 580,329 shares in the last quarter. KBC Group NV increased its stake in shares of HDFC Bank by 26.9% during the first quarter. KBC Group NV now owns 404,884 shares of the bank’s stock valued at $10,074,000 after purchasing an additional 85,882 shares in the last quarter. ABN Amro Investment Solutions lifted its holdings in shares of HDFC Bank by 66.0% during the first quarter. ABN Amro Investment Solutions now owns 1,498,938 shares of the bank’s stock valued at $37,294,000 after purchasing an additional 595,912 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in shares of HDFC Bank by 999.2% during the second quarter. Raiffeisen Bank International AG now owns 756,000 shares of the bank’s stock valued at $19,588,000 after purchasing an additional 687,223 shares during the last quarter. Finally, XY Capital Ltd boosted its position in shares of HDFC Bank by 143.5% in the 2nd quarter. XY Capital Ltd now owns 517,975 shares of the bank’s stock worth $13,379,000 after purchasing an additional 305,215 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HDB shares. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. HSBC downgraded HDFC Bank from a “buy” rating to a “hold” rating in a report on Monday, August 31st. The Goldman Sachs Group began coverage on shares of HDFC Bank in a research report on Friday, August 21st. They set a “buy” rating on the stock. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, HDFC Bank presently has an average rating of “Hold”.

HDFC Bank Stock Performance

Shares of HDB stock opened at $23.18 on Monday. The stock has a market capitalization of $118.94 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.29 and a beta of 0.63. The firm’s 50 day moving average is $24.26 and its 200 day moving average is $25.63. HDFC Bank Limited has a 12-month low of $22.30 and a 12-month high of $37.45.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. As a group, equities analysts predict that HDFC Bank Limited will post 1.36 earnings per share for the current year.

HDFC Bank News Roundup

Here are the key news stories impacting HDFC Bank this week:

• Negative Sentiment: The lawsuit covers investors who purchased HDFC Bank securities or ADSs from July 17, 2023, through May 26, 2026. HDFC Bank, CEO Sashidhar Jagdishan, and CFO Srinivasan Vaidyanathan are named as defendants. HDFC Bank securities fraud class action notice
• Negative Sentiment: One investor notice alleges that approximately ?45 crore (about $4.7 million) in deposit inducements was routed through the bank’s marketing budget and that reported net interest income and operating expenses were misstated. These are allegations, not established findings. SueWallSt HDFC Bank investor notice
• Negative Sentiment: Announcements from Kaplan Fox, Hagens Berman, SBS Law, Rosen, Glancy Prongay and other firms are increasing the visibility of the litigation. If the claims advance, HDFC Bank could face legal expenses, damages, management distraction and reputational harm. Kaplan Fox HDFC Bank litigation notice
• Neutral Sentiment: The articles are largely duplicative law-firm solicitation and deadline reminders rather than new operating or earnings information. Investors should watch for HDFC Bank’s response, court decisions on the case, and any disclosures regarding potential financial exposure.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).