Cabot Wealth Management Inc. Buys 5 Shares of HDFC Bank Limited (HDB)

Cabot Wealth Management Inc. Buys 5 Shares of HDFC Bank Limited (HDB)

Cabot Wealth Management Inc. increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,705 shares of the company’s stock after buying an additional 5 shares during the period. HDFC Bank Limited accounts for 3.5% of Cabot Wealth Management Inc.’s holdings, making the stock its largest position. Cabot Wealth Management Inc.’s holdings in HDFC Bank Limited were worth $13,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HDB. American Century Companies Inc. boosted its position in shares of HDFC Bank Limited by 4.9% in the second quarter. American Century Companies Inc. now owns 2,003,582 shares of the company’s stock worth $132,938,000 after buying an additional 93,311 shares during the period. Trillium Asset Management LLC bought a new position in shares of HDFC Bank Limited during the second quarter worth about $211,000. Ngam Advisors L.P. boosted its position in shares of HDFC Bank Limited by 37.5% in the second quarter. Ngam Advisors L.P. now owns 125,565 shares of the company’s stock worth $8,332,000 after buying an additional 34,277 shares during the period. World Asset Management Inc boosted its position in shares of HDFC Bank Limited by 8.4% in the second quarter. World Asset Management Inc now owns 52,153 shares of the company’s stock worth $3,460,000 after buying an additional 4,049 shares during the period. Finally, Howard Hughes Medical Institute boosted its position in shares of HDFC Bank Limited by 18.5% in the second quarter. Howard Hughes Medical Institute now owns 64,872 shares of the company’s stock worth $4,304,000 after buying an additional 10,132 shares during the period. 18.03% of the stock is owned by institutional investors.

Shares of HDFC Bank Limited (NYSE:HDB) opened at 71.32 on Friday. HDFC Bank Limited has a 52-week low of $51.11 and a 52-week high of $74.04. The firm has a market capitalization of $360.62 billion, a price-to-earnings ratio of 193.28 and a beta of 1.14. The stock has a 50 day moving average of $63.87 and a 200 day moving average of $68.17.

Separately, Nomura cut shares of HDFC Bank Limited from a “buy” rating to a “neutral” rating in a report on Monday, January 30th.

HDFC Bank Limited Company Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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