Sapient Capital LLC Purchases 7,575 Shares of HDFC Bank Limited (NYSE:HDB)

Sapient Capital LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 193.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,500 shares of the bank’s stock after buying an additional 7,575 shares during the period. Sapient Capital LLC’s holdings in HDFC Bank were worth $644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of HDFC Bank in the 3rd quarter valued at approximately $27,000. NBC Securities Inc. bought a new stake in shares of HDFC Bank in the 3rd quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the 1st quarter valued at approximately $34,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Down 1.3 %

Shares of NYSE:HDB traded down $0.73 during trading on Tuesday, hitting $57.60. The company had a trading volume of 1,587,105 shares, compared to its average volume of 3,511,736. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52. The company has a fifty day simple moving average of $56.34 and a two-hundred day simple moving average of $58.55. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The stock has a market cap of $107.12 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday, April 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.