HDFC Bank Limited $HDB Stake Lifted by Seafarer Capital Partners LLC

Seafarer Capital Partners LLC grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 81.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,148,000 shares of the bank’s stock after acquiring an additional 516,000 shares during the period. HDFC Bank comprises 7.1% of Seafarer Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position. Seafarer Capital Partners LLC’s holdings in HDFC Bank were worth $30,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HDB. Snowden Capital Advisors LLC lifted its stake in HDFC Bank by 5.8% in the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after purchasing an additional 311 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in HDFC Bank by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock worth $2,711,000 after buying an additional 345 shares during the last quarter. Flputnam Investment Management Co. increased its position in HDFC Bank by 2.6% in the fourth quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock worth $525,000 after buying an additional 361 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of HDFC Bank by 19.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock valued at $85,000 after buying an additional 384 shares during the period. Finally, Sivia Capital Partners LLC raised its stake in shares of HDFC Bank by 3.0% in the fourth quarter. Sivia Capital Partners LLC now owns 13,492 shares of the bank’s stock valued at $493,000 after buying an additional 397 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $26.20 on Thursday. HDFC Bank Limited has a 52-week low of $22.91 and a 52-week high of $39.81. The stock has a fifty day moving average of $24.88 and a 200 day moving average of $28.24. The firm has a market capitalization of $133.64 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.21 and a beta of 0.64.

Insider Activity

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total value of $48,720.00. Following the sale, the insider owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 21,600 shares of company stock worth $189,560. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HDB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. Zacks Research lowered HDFC Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, HDFC Bank presently has an average rating of “Sell”.

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).