Baillie Gifford & Co. Sells 3,181,999 Shares of HDFC Bank Limited (NYSE:HDB)

Baillie Gifford & Co. trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 27.6% in the third quarter, HoldingsChannel reports. The firm owned 8,351,216 shares of the bank’s stock after selling 3,181,999 shares during the period. Baillie Gifford & Co.’s holdings in HDFC Bank were worth $522,452,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HDB. Manning & Napier Advisors LLC acquired a new position in shares of HDFC Bank during the second quarter valued at about $166,709,000. US Bancorp DE grew its holdings in shares of HDFC Bank by 38.1% during the third quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock valued at $8,750,000 after buying an additional 38,571 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of HDFC Bank by 580.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 805,060 shares of the bank’s stock valued at $45,079,000 after buying an additional 686,789 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of HDFC Bank by 56.3% during the second quarter. Deprince Race & Zollo Inc. now owns 139,612 shares of the bank’s stock valued at $8,981,000 after buying an additional 50,301 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of HDFC Bank during the first quarter valued at about $125,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HDB has been the topic of several analyst reports. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday.

HDFC Bank Stock Up 0.7 %

HDFC Bank stock opened at $64.52 on Tuesday. The stock has a market cap of $163.38 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44. The firm’s 50-day simple moving average is $62.80 and its 200 day simple moving average is $60.90.

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.