Leonteq Securities AG Raises Stock Holdings in HDFC Bank Limited $HDB

Leonteq Securities AG boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 419.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 216,879 shares of the bank’s stock after buying an additional 175,128 shares during the quarter. Leonteq Securities AG’s holdings in HDFC Bank were worth $5,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HDB. Larson Financial Group LLC grew its stake in shares of HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after acquiring an additional 403 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,002 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after purchasing an additional 498 shares during the period. Graney & King LLC lifted its position in HDFC Bank by 100.0% during the third quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after purchasing an additional 600 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in HDFC Bank in the third quarter worth approximately $43,000. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. Zacks Research cut HDFC Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, HDFC Bank presently has an average rating of “Sell”.

Insider Buying and Selling

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashish Parthasarthy sold 6,000 shares of HDFC Bank stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider directly owned 848,558 shares in the company, valued at $7,586,108.52. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 21,600 shares of company stock valued at $189,560. 1.00% of the stock is currently owned by corporate insiders.

HDFC Bank Stock Up 0.8%

Shares of HDB opened at $25.75 on Friday. The business has a 50-day simple moving average of $24.71 and a two-hundred day simple moving average of $28.84. HDFC Bank Limited has a 52 week low of $22.91 and a 52 week high of $39.81. The stock has a market cap of $131.39 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.18 and a beta of 0.64.

HDFC Bank 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).