Y Intercept Hong Kong Ltd Sells 22,017 Shares of HDFC Bank Limited (NYSE:HDB)

Y Intercept Hong Kong Ltd lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 44.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,156 shares of the bank’s stock after selling 22,017 shares during the period. Y Intercept Hong Kong Ltd’s holdings in HDFC Bank were worth $1,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HDB. Vanguard Group Inc. boosted its stake in shares of HDFC Bank by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 122,023 shares of the bank’s stock worth $6,830,000 after acquiring an additional 12,037 shares during the last quarter. Cetera Advisors LLC bought a new stake in HDFC Bank during the first quarter valued at about $444,000. LA Financiere DE L Echiquier purchased a new stake in HDFC Bank in the second quarter worth about $2,895,000. Cordatus Wealth Management LLC bought a new position in shares of HDFC Bank in the second quarter worth about $462,000. Finally, Naples Global Advisors LLC lifted its position in shares of HDFC Bank by 23.9% during the 2nd quarter. Naples Global Advisors LLC now owns 23,039 shares of the bank’s stock valued at $1,497,000 after buying an additional 4,445 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Down 0.5 %

Shares of HDFC Bank stock opened at $67.66 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a fifty day moving average of $63.59 and a 200 day moving average of $62.07. The company has a market capitalization of $171.32 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.79 and a beta of 0.92. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

About HDFC Bank

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.