Lindbrook Capital LLC Has $58,000 Stake in HDFC Bank Limited (NYSE:HDB)

Lindbrook Capital LLC trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862 shares of the bank’s stock after selling 209 shares during the period. Lindbrook Capital LLC’s holdings in HDFC Bank were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in HDFC Bank in the 3rd quarter worth $27,000. NBC Securities Inc. acquired a new stake in shares of HDFC Bank during the 3rd quarter valued at about $29,000. FinTrust Capital Advisors LLC boosted its position in shares of HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after acquiring an additional 185 shares in the last quarter. Signaturefd LLC boosted its position in shares of HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock valued at $50,000 after acquiring an additional 262 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of HDFC Bank during the 4th quarter valued at about $136,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday.

HDFC Bank Price Performance

NYSE:HDB opened at $58.33 on Friday. The firm has a market cap of $108.49 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average price is $56.10 and its two-hundred day moving average price is $58.57.

About HDFC Bank

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.