Trade Report: The Eqis Capital Management Inc. decides to keep it stake in HDFC Bank Ltd. (HDB) to the level of $328,000

The Eqis Capital Management Inc. decides to keep it stake in HDFC Bank Ltd. (HDB) to the level of $328,000

Eqis Capital Management Inc. raised its stake in HDFC Bank Ltd. (NYSE:HDB) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,565 shares of the company’s stock after buying an additional 121 shares during the period. Eqis Capital Management Inc.’s holdings in HDFC Bank were worth $328,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in HDFC Bank by 3.5% in the second quarter. Fisher Asset Management LLC now owns 8,218,584 shares of the company’s stock valued at $559,110,000 after buying an additional 275,000 shares in the last quarter. WCM Investment Management CA increased its position in HDFC Bank by 5.4% in the second quarter. WCM Investment Management CA now owns 5,596,839 shares of the company’s stock worth $371,350,000 after buying an additional 288,833 shares in the last quarter. William Blair Investment Management LLC increased its position in HDFC Bank by 20.9% in the second quarter. William Blair Investment Management LLC now owns 2,905,335 shares of the company’s stock worth $192,769,000 after buying an additional 502,672 shares in the last quarter. Royal Bank of Canada increased its position in HDFC Bank by 31.1% in the second quarter. Royal Bank of Canada now owns 2,781,565 shares of the company’s stock worth $184,558,000 after buying an additional 660,250 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in HDFC Bank during the second quarter worth about $154,221,000. 17.68% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Ltd. (NYSE:HDB) traded up 1.94% on Friday, reaching $64.08. The company had a trading volume of 917,750 shares. The firm has a market capitalization of $324.01 billion, a PE ratio of 173.89 and a beta of 1.32. HDFC Bank Ltd. has a 12 month low of $51.11 and a 12 month high of $74.04. The stock has a 50 day moving average of $69.36 and a 200 day moving average of $68.66.

Separately, Goldman Sachs Group Inc. upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 2nd.

About HDFC Bank

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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