Two Creeks Capital Management LP Trims Stock Position in HDFC Bank Limited (NYSE:HDB)

Two Creeks Capital Management LP trimmed its holdings in HDFC Bank Limited (NYSE:HDB) by 33.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 952,645 shares of the bank’s stock after selling 473,214 shares during the period. HDFC Bank makes up about 3.7% of Two Creeks Capital Management LP’s holdings, making the stock its 14th largest holding. Two Creeks Capital Management LP’s holdings in HDFC Bank were worth $60,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HDB. MGO One Seven LLC raised its holdings in shares of HDFC Bank by 29.3% in the 4th quarter. MGO One Seven LLC now owns 5,555 shares of the bank’s stock valued at $355,000 after buying an additional 1,258 shares during the period. Pinebridge Investments L.P. grew its stake in HDFC Bank by 49.7% during the 4th quarter. Pinebridge Investments L.P. now owns 451,685 shares of the bank’s stock worth $28,845,000 after purchasing an additional 150,000 shares in the last quarter. Fayez Sarofim & Co grew its position in shares of HDFC Bank by 4.3% during the fourth quarter. Fayez Sarofim & Co now owns 87,100 shares of the bank’s stock worth $5,562,000 after buying an additional 3,555 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in HDFC Bank by 11.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 15,346 shares of the bank’s stock valued at $980,000 after acquiring an additional 1,553 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in HDFC Bank by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 255,480 shares of the bank’s stock worth $16,315,000 after acquiring an additional 17,060 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDB stock opened at $75.19 on Wednesday. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $75.37. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $190.41 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.12 and a beta of 0.68. The stock’s 50-day moving average is $63.84 and its two-hundred day moving average is $63.20.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Profile

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.