HDFC Bank Sees Unusually High Options Volume (HDB)

HDFC Bank Limited (NYSE:HDB) was the recipient of unusually large options trading on Monday. Investors bought 1,466 call options on the company. This represents an increase of approximately 752% compared to the average volume of 172 call options.

HDFC Bank (NYSE:HDB) opened at $100.62 on Friday. HDFC Bank has a 1 year low of $60.36 and a 1 year high of $102.77. The company has a market capitalization of $75,700.00, a P/E ratio of 81.80, a P/E/G ratio of 1.15 and a beta of 0.84.

A number of hedge funds have recently bought and sold shares of HDB. Harding Loevner LP increased its stake in HDFC Bank by 2,141.9% during the third quarter. Harding Loevner LP now owns 78,647,160 shares of the bank’s stock worth $248,755,000 after acquiring an additional 75,139,157 shares during the last quarter. BlackRock Inc. increased its stake in HDFC Bank by 105.1% during the second quarter. BlackRock Inc. now owns 2,103,171 shares of the bank’s stock worth $182,912,000 after acquiring an additional 1,077,828 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in HDFC Bank by 170.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,357,680 shares of the bank’s stock worth $118,078,000 after acquiring an additional 854,828 shares during the last quarter. FMR LLC increased its stake in HDFC Bank by 4.1% during the second quarter. FMR LLC now owns 14,824,081 shares of the bank’s stock worth $1,289,251,000 after acquiring an additional 589,126 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in HDFC Bank by 64.6% during the third quarter. Baillie Gifford & Co. now owns 1,461,230 shares of the bank’s stock worth $140,818,000 after acquiring an additional 573,395 shares during the last quarter. 17.29% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded HDFC Bank from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.00.

ILLEGAL ACTIVITY WARNING: This story was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3127950/hdfc-bank-sees-unusually-high-options-volume-hdb.html.

HDFC Bank Company Profile

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.

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.