HDFC Bank Limited (HDB) Holdings Lowered by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its position in HDFC Bank Limited (NYSE:HDB) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,578 shares of the bank’s stock after selling 32,722 shares during the quarter. Baillie Gifford & Co.’s holdings in HDFC Bank were worth $150,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of HDFC Bank by 12.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 900 shares of the bank’s stock worth $92,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC lifted its position in shares of HDFC Bank by 40.9% in the first quarter. Lindbrook Capital LLC now owns 355 shares of the bank’s stock worth $41,000 after purchasing an additional 103 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its position in shares of HDFC Bank by 1.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 7,987 shares of the bank’s stock worth $926,000 after purchasing an additional 140 shares in the last quarter. Cerity Partners LLC lifted its position in shares of HDFC Bank by 1.8% in the fourth quarter. Cerity Partners LLC now owns 7,968 shares of the bank’s stock worth $825,000 after purchasing an additional 142 shares in the last quarter. Finally, Capital Insight Partners LLC lifted its position in shares of HDFC Bank by 1.9% in the fourth quarter. Capital Insight Partners LLC now owns 8,224 shares of the bank’s stock worth $852,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 19.10% of the company’s stock.

NYSE HDB opened at $119.28 on Friday. The company has a market capitalization of $98.75 billion, a PE ratio of 38.35, a P/E/G ratio of 1.14 and a beta of 0.57. HDFC Bank Limited has a 52-week low of $85.43 and a 52-week high of $119.82.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th.

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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.

Further Reading: Dollar Cost Averaging

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

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