Axiom International Investors LLC DE Sells 14,740 Shares of HDFC Bank Limited (HDB)

Axiom International Investors LLC DE lessened its stake in HDFC Bank Limited (NYSE:HDB) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473,616 shares of the bank’s stock after selling 14,740 shares during the quarter. Axiom International Investors LLC DE owned approximately 0.06% of HDFC Bank worth $45,642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. First Interstate Bank acquired a new stake in shares of HDFC Bank in the 2nd quarter valued at approximately $103,000. Parallel Advisors LLC lifted its holdings in HDFC Bank by 14.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock valued at $142,000 after purchasing an additional 189 shares during the last quarter. Huntington National Bank lifted its holdings in HDFC Bank by 4.9% during the 2nd quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after purchasing an additional 81 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in HDFC Bank during the 2nd quarter valued at $156,000. Finally, Creative Planning lifted its holdings in HDFC Bank by 7.1% during the 2nd quarter. Creative Planning now owns 1,821 shares of the bank’s stock valued at $158,000 after purchasing an additional 121 shares during the last quarter. 17.53% of the stock is owned by institutional investors.

HDFC Bank Limited (HDB) traded down $0.02 during mid-day trading on Wednesday, reaching $94.19. The company’s stock had a trading volume of 347,100 shares, compared to its average volume of 710,099. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. The company has a market cap of $80,472.48, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.85. HDFC Bank Limited has a 1 year low of $59.00 and a 1 year high of $100.26.

Separately, Zacks Investment Research downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. HDFC Bank currently has a consensus rating of “Buy” and a consensus target price of $110.00.

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HDFC Bank Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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