Platform Technology Partners Has $475,000 Stock Position in HDFC Bank Limited (NYSE:HDB)

Platform Technology Partners raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,443 shares of the bank’s stock after acquiring an additional 518 shares during the quarter. Platform Technology Partners’ holdings in HDFC Bank were worth $475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA grew its position in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank boosted its stake in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after buying an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in shares of 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 acquiring an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC increased its position in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after acquiring an additional 257 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in shares of HDFC Bank by 3.7% in the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after acquiring an additional 263 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 1.2 %

Shares of NYSE:HDB opened at $61.22 on Friday. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $155.03 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company has a 50-day simple moving average of $62.87 and a 200 day simple moving average of $62.37.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

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

HDFC Bank 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.