Traders Sell Shares of HDFC Bank (HDB) on Strength (HDB)

Investors sold shares of HDFC Bank (NYSE:HDB) on strength during trading hours on Thursday. $22.66 million flowed into the stock on the tick-up and $55.36 million flowed out of the stock on the tick-down, for a money net flow of $32.70 million out of the stock. Of all companies tracked, HDFC Bank had the 0th highest net out-flow for the day. HDFC Bank traded up $1.54 for the day and closed at $100.62

Separately, Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th.

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The company has a market cap of $86,667.23, a PE ratio of 34.11, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00.

A number of institutional investors have recently added to or reduced their stakes in HDB. Martin Currie Ltd. grew its stake in HDFC Bank by 109.3% in the 4th quarter. Martin Currie Ltd. now owns 1,268,491 shares of the bank’s stock valued at $128,968,000 after acquiring an additional 662,497 shares during the period. WCM Investment Management CA grew its stake in HDFC Bank by 6.8% in the 4th quarter. WCM Investment Management CA now owns 8,016,441 shares of the bank’s stock valued at $815,031,000 after acquiring an additional 508,605 shares during the period. Bank of Montreal Can grew its stake in HDFC Bank by 41.1% in the 4th quarter. Bank of Montreal Can now owns 913,516 shares of the bank’s stock valued at $92,877,000 after acquiring an additional 266,214 shares during the period. Allianz Asset Management GmbH grew its stake in HDFC Bank by 187.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 276,333 shares of the bank’s stock valued at $26,630,000 after acquiring an additional 180,292 shares during the period. Finally, Sands Capital Management LLC grew its stake in HDFC Bank by 158.1% in the 4th quarter. Sands Capital Management LLC now owns 216,718 shares of the bank’s stock valued at $22,034,000 after acquiring an additional 132,748 shares during the period. 17.25% of the stock is currently owned by hedge funds and other institutional investors.

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HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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