Matthews International Capital Management LLC Increases Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Matthews International Capital Management LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,572 shares of the bank’s stock after buying an additional 15,750 shares during the quarter. HDFC Bank accounts for 1.8% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Matthews International Capital Management LLC’s holdings in HDFC Bank were worth $8,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Dimensional Fund Advisors LP lifted its position in shares of HDFC Bank by 612.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,980 shares of the bank’s stock worth $15,695,000 after buying an additional 209,726 shares in the last quarter. Creative Planning increased its position in shares of HDFC Bank by 82.8% during the second quarter. Creative Planning now owns 103,785 shares of the bank’s stock valued at $6,676,000 after acquiring an additional 47,005 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in HDFC Bank by 11.4% during the second quarter. Brandes Investment Partners LP now owns 54,527 shares of the bank’s stock worth $3,520,000 after acquiring an additional 5,572 shares during the period. Cetera Investment Advisers boosted its position in HDFC Bank by 2.4% in the second quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock worth $964,000 after purchasing an additional 358 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in HDFC Bank by 141.2% in the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock valued at $93,777,000 after purchasing an additional 853,287 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

HDFC Bank stock opened at $58.61 on Tuesday. The business’s 50 day simple moving average is $63.69 and its 200 day simple moving average is $62.39. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company has a market cap of $148.43 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.73 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. Sell-side analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current year.

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.