Laurion Capital Management LP Invests $18.94 Million in HDFC Bank Limited (HDB) Stock

Laurion Capital Management LP bought a new position in shares of HDFC Bank Limited (NYSE:HDB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 201,284 shares of the bank’s stock, valued at approximately $18,941,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Temasek Holdings Private Ltd boosted its position in HDFC Bank by 117.1% during the second quarter. Temasek Holdings Private Ltd now owns 1,391,165 shares of the bank’s stock worth $146,100,000 after purchasing an additional 750,295 shares during the period. FMR LLC boosted its position in HDFC Bank by 3.6% during the third quarter. FMR LLC now owns 13,647,474 shares of the bank’s stock worth $1,284,227,000 after purchasing an additional 470,344 shares during the period. WCM Investment Management CA boosted its position in HDFC Bank by 5.2% during the second quarter. WCM Investment Management CA now owns 8,843,969 shares of the bank’s stock worth $928,794,000 after purchasing an additional 440,949 shares during the period. Jennison Associates LLC boosted its position in HDFC Bank by 30.5% during the third quarter. Jennison Associates LLC now owns 1,644,285 shares of the bank’s stock worth $154,727,000 after purchasing an additional 384,179 shares during the period. Finally, Renaissance Technologies LLC boosted its position in HDFC Bank by 1,176.8% during the third quarter. Renaissance Technologies LLC now owns 236,207 shares of the bank’s stock worth $22,227,000 after purchasing an additional 217,707 shares during the period. Institutional investors and hedge funds own 18.84% of the company’s stock.

HDB stock opened at $99.29 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.96. HDFC Bank Limited has a one year low of $85.43 and a one year high of $112.10. The firm has a market cap of $85.52 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 1.19 and a beta of 0.96.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. ValuEngine cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

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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.

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

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