Lion Street Advisors LLC Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Lion Street Advisors LLC lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,449 shares of the bank’s stock after selling 351 shares during the period. Lion Street Advisors LLC’s holdings in HDFC Bank were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Pin Oak Investment Advisors Inc. grew its position in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in HDFC Bank in the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC grew its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank during the 3rd quarter valued at approximately $65,000. Finally, GAMMA Investing LLC raised its position in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $61.60 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company has a market capitalization of $155.98 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.67 and a beta of 0.91. The firm’s 50-day moving average is $63.10 and its 200 day moving average is $62.38.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts predict that HDFC Bank Limited will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.