HDFC Bank Limited (NYSE:HDB) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 65.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,670 shares of the bank’s stock after selling 217,386 shares during the quarter. Motley Fool Asset Management LLC’s holdings in HDFC Bank were worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in HDFC Bank by 51.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock worth $145,000,000 after buying an additional 836,449 shares during the period. Northern Trust Corp increased its stake in HDFC Bank by 13.1% during the 3rd quarter. Northern Trust Corp now owns 385,864 shares of the bank’s stock worth $22,770,000 after buying an additional 44,648 shares during the period. Martin Currie Ltd. increased its position in shares of HDFC Bank by 1.7% in the 3rd quarter. Martin Currie Ltd. now owns 3,401,986 shares of the bank’s stock worth $200,751,000 after purchasing an additional 57,055 shares during the last quarter. Citigroup Inc. increased its position in shares of HDFC Bank by 1,193.0% in the 3rd quarter. Citigroup Inc. now owns 749,586 shares of the bank’s stock worth $44,233,000 after purchasing an additional 691,615 shares during the last quarter. Finally, Manning & Napier Group LLC increased its position in shares of HDFC Bank by 14.0% in the 3rd quarter. Manning & Napier Group LLC now owns 733,596 shares of the bank’s stock worth $43,290,000 after purchasing an additional 90,357 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday.

HDFC Bank Stock Up 0.1 %

Shares of HDB traded up $0.07 during midday trading on Thursday, hitting $58.33. The company had a trading volume of 1,686,365 shares, compared to its average volume of 3,577,699. The company’s 50 day moving average price is $56.10 and its 200 day moving average price is $58.57. The stock has a market cap of $108.49 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.10 and a beta of 0.87. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78.

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.