Sivia Capital Partners LLC Sells 3,137 Shares of HDFC Bank Limited (NYSE:HDB)

Sivia Capital Partners LLC decreased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 33.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,299 shares of the bank’s stock after selling 3,137 shares during the period. Sivia Capital Partners LLC’s holdings in HDFC Bank were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FIL Ltd lifted its holdings in HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after buying an additional 2,599,337 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in shares of HDFC Bank by 2.3% in the 4th quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank’s stock valued at $546,500,000 after purchasing an additional 190,566 shares in the last quarter. GQG Partners LLC raised its holdings in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. FMR LLC raised its holdings in shares of HDFC Bank by 13.3% in the 4th quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock valued at $497,668,000 after purchasing an additional 914,289 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of HDFC Bank by 43.0% in the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock valued at $466,629,000 after purchasing an additional 2,196,315 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 2.4%

NYSE:HDB opened at $77.54 on Friday. HDFC Bank Limited has a one year low of $57.24 and a one year high of $77.76. 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 firm has a market cap of $196.36 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.12 and a beta of 0.64. The firm has a 50-day simple moving average of $71.44 and a 200-day simple moving average of $65.66.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

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.