HDFC Bank Limited (HDB) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 906,031 shares of the bank’s stock after selling 411,842 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.11% of HDFC Bank worth $93,856,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in shares of HDFC Bank during the fourth quarter worth about $286,000. Trilogy Global Advisors LP grew its holdings in HDFC Bank by 2.2% during the 3rd quarter. Trilogy Global Advisors LP now owns 657,193 shares of the bank’s stock valued at $61,842,000 after buying an additional 14,424 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in HDFC Bank by 10,112.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 109,985 shares of the bank’s stock valued at $1,168,000 after buying an additional 108,908 shares in the last quarter. Bank Pictet & Cie Asia Ltd. grew its holdings in HDFC Bank by 74.2% during the 4th quarter. Bank Pictet & Cie Asia Ltd. now owns 37,975 shares of the bank’s stock valued at $1,154,000 after buying an additional 16,180 shares in the last quarter. Finally, Calamos Advisors LLC grew its holdings in HDFC Bank by 311.9% during the 4th quarter. Calamos Advisors LLC now owns 49,800 shares of the bank’s stock valued at $5,159,000 after buying an additional 73,300 shares in the last quarter. Hedge funds and other institutional investors own 19.16% of the company’s stock.

HDB has been the subject of several research analyst reports. TheStreet upgraded HDFC Bank from a “c+” rating to a “b-” rating in a report on Monday, December 31st. Zacks Investment Research upgraded HDFC Bank from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, December 21st.

NYSE HDB opened at $111.98 on Monday. The company has a market cap of $96.45 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.31 and a beta of 0.58. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.56.

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

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