Matthews International Capital Management LLC Boosts Stock Position in HDFC Bank Limited (NYSE:HDB)

Matthews International Capital Management LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,572 shares of the bank’s stock after acquiring an additional 15,750 shares during the period. HDFC Bank makes up about 1.8% of Matthews International Capital Management LLC’s holdings, making the stock its 14th largest holding. Matthews International Capital Management LLC’s holdings in HDFC Bank were worth $8,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HDB. Pin Oak Investment Advisors Inc. boosted its holdings in HDFC Bank by 104.1% in the 3rd 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 during the period. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank in the third quarter worth $38,000. JFS Wealth Advisors LLC raised its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the third quarter valued at $65,000. Finally, GAMMA Investing LLC grew its position in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after buying an additional 312 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE HDB opened at $58.61 on Tuesday. The company has a market capitalization of $148.43 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The company has a fifty day moving average of $63.69 and a 200-day moving average of $62.39.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

HDFC Bank Company Profile

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.