HDFC Bank Limited (NYSE:HDB) Stock Position Lessened by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,405 shares of the bank’s stock after selling 11,125 shares during the quarter. HDFC Bank accounts for approximately 1.3% of Marietta Investment Partners LLC’s holdings, making the stock its 24th largest position. Marietta Investment Partners LLC’s holdings in HDFC Bank were worth $5,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HDB. Whipplewood Advisors LLC bought a new position in HDFC Bank during the fourth quarter valued at about $29,000. Pin Oak Investment Advisors Inc. boosted its stake in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Sierra Ocean LLC bought a new position in HDFC Bank during the fourth quarter valued at about $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank during the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the third quarter valued at about $65,000. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Performance

HDB opened at $64.54 on Friday. The firm has a market capitalization of $163.42 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock’s 50 day moving average price is $60.26 and its two-hundred day moving average price is $62.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current 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.