HDFC Bank Limited (NYSE:HDB) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 4.4% in the third quarter, Holdings Channel reports. The fund owned 1,491,346 shares of the bank’s stock after selling 67,974 shares during the period. Mawer Investment Management Ltd.’s holdings in HDFC Bank were worth $93,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of HDFC Bank during the second quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank during the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC increased its stake in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares during the last quarter. LRI Investments LLC bought a new stake in HDFC Bank in the first quarter worth $56,000. Finally, GAMMA Investing LLC boosted its holdings in HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.8 %

HDB stock traded up $0.52 during midday trading on Monday, hitting $62.42. The company’s stock had a trading volume of 85,675 shares, compared to its average volume of 2,966,104. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44. The company’s fifty day moving average price is $62.86 and its 200 day moving average price is $61.00. The stock has a market capitalization of $158.07 billion, a P/E ratio of 18.81, a PEG ratio of 1.62 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities research analysts predict that HDFC Bank Limited will post 3.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HDB shares. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

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.