May Hill Capital LLC Has $1.68 Million Stock Holdings in HDFC Bank Limited $HDB

May Hill Capital LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 129.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,880 shares of the bank’s stock after buying an additional 25,887 shares during the quarter. May Hill Capital LLC’s holdings in HDFC Bank were worth $1,676,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in HDFC Bank by 90.4% during the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after buying an additional 403 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC lifted its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in shares of HDFC Bank in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.7%

HDB opened at $24.41 on Friday. HDFC Bank Limited has a 12 month low of $23.75 and a 12 month high of $39.81. The company has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $31.68. The stock has a market cap of $124.54 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.13 and a beta of 0.68.

Insiders Place Their Bets

In related news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the insider owned 638,422 shares in the company, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. This represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).