Two Creeks Capital Management LP Sells 67,197 Shares of HDFC Bank Limited (NYSE:HDB)

Two Creeks Capital Management LP lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 967,627 shares of the bank’s stock after selling 67,197 shares during the quarter. HDFC Bank makes up 7.7% of Two Creeks Capital Management LP’s holdings, making the stock its 4th biggest position. Two Creeks Capital Management LP owned about 0.11% of HDFC Bank worth $125,830,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of HDFC Bank by 4.1% in the first quarter. FMR LLC now owns 13,850,960 shares of the bank’s stock valued at $1,605,465,000 after purchasing an additional 546,766 shares during the period. WCM Investment Management LLC grew its position in shares of HDFC Bank by 3.9% in the second quarter. WCM Investment Management LLC now owns 10,095,183 shares of the bank’s stock valued at $1,312,778,000 after purchasing an additional 381,146 shares during the period. GQG Partners LLC grew its position in shares of HDFC Bank by 8.6% in the first quarter. GQG Partners LLC now owns 8,843,079 shares of the bank’s stock valued at $1,023,866,000 after purchasing an additional 703,291 shares during the period. Artisan Partners Limited Partnership grew its position in shares of HDFC Bank by 1.9% in the first quarter. Artisan Partners Limited Partnership now owns 4,535,642 shares of the bank’s stock valued at $525,726,000 after purchasing an additional 83,123 shares during the period. Finally, Fiera Capital Corp grew its position in shares of HDFC Bank by 4.6% in the first quarter. Fiera Capital Corp now owns 4,201,286 shares of the bank’s stock valued at $486,971,000 after purchasing an additional 184,297 shares during the period. Institutional investors own 19.35% of the company’s stock.

A number of research firms recently weighed in on HDB. Sanford C. Bernstein lowered shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. Nomura lowered shares of HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 price target on the stock. in a research report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $136.82.



HDB traded down $1.15 on Monday, reaching $103.82. 35,810 shares of the company’s stock were exchanged, compared to its average volume of 1,144,526. The stock has a market cap of $90.37 billion, a PE ratio of 31.18, a P/E/G ratio of 1.18 and a beta of 0.45. HDFC Bank Limited has a twelve month low of $85.43 and a twelve month high of $131.78. The stock’s fifty day moving average price is $109.67 and its 200-day moving average price is $116.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, July 20th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The business had revenue of $4.65 billion for the quarter. HDFC Bank had a return on equity of 13.23% and a net margin of 17.98%. As a group, research analysts predict that HDFC Bank Limited will post 3.97 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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