HDFC Bank Limited (NYSE:HDB) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 625,192 shares of the bank’s stock after selling 5,847 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in HDFC Bank were worth $41,957,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HDB. Artemis Investment Management LLP acquired a new stake in HDFC Bank during the third quarter worth approximately $645,000. Naples Global Advisors LLC boosted its holdings in shares of HDFC Bank by 72.5% in the 3rd quarter. Naples Global Advisors LLC now owns 11,799 shares of the bank’s stock valued at $696,000 after purchasing an additional 4,960 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of HDFC Bank by 22.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 22,339 shares of the bank’s stock valued at $1,318,000 after purchasing an additional 4,151 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of HDFC Bank by 84.9% in the 3rd quarter. Park Place Capital Corp now owns 867 shares of the bank’s stock valued at $51,000 after purchasing an additional 398 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its holdings in shares of HDFC Bank by 14.4% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 45,350 shares of the bank’s stock valued at $2,676,000 after purchasing an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Down 1.3 %

Shares of HDB traded down $0.76 during mid-day trading on Monday, reaching $58.29. The company had a trading volume of 3,977,731 shares, compared to its average volume of 3,642,041. The stock has a market cap of $108.41 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The firm has a fifty day simple moving average of $55.79 and a 200-day simple moving average of $58.58. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78.

Analyst Upgrades and Downgrades

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

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.