Viking Global Investors LP recently announced the acquisition of new stake in HDFC Bank Ltd. ADR (NYSE:HDB). The institutional investor has increased its shareholding in the Financial company by 8.63% to 10.12 million shares with purchase of 0.8 million shares. This fresh investment now brings its stake to 0.40% valued currently at $678.89 million. In addition, Baillie Gifford & Co. raised its holdings by 6.19 million to 9.56 million shares. And Sustainable Growth Advisers LP has lifted its position by 2.17% or 0.15 million shares – to 6.93 million shares.
Currently, there are 2.53B common shares owned by the public and among those 2.53B shares have been available to trade.
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The top 3 mutual fund holders in HDFC Bank Ltd. ADR are AM One Global ESG High Quality Gr, St. James’s Place Unit Trust – Su, and Harding Loevner International Equ. AM One Global ESG High Quality Gr owns 8.42 million shares of the company’s stock, all valued at over $565.3 million. The company bought an additional 0.48 million shares recently to bring their total holdings to about 0.33% of the shares outstanding. St. James’s Place Unit Trust – Su bought 0.48 million shares to see its total holdings expand to 3.54 million shares valued at over $237.84 million and representing 0.14% of the shares outstanding. Harding Loevner International Equ sold -0.2 million shares to bring its total holdings to over 2.82 million shares at a value of $189.32 million. Harding Loevner International Equ now owns shares totaling to 0.11% of the shares outstanding.
However, the script later moved the day high at 55.82, down -3.80%. The company’s stock has a 5-day price change of -11.78% and -5.76% over the past three months. HDB shares are trading -19.58% year to date (YTD), with the 12-month market performance down to -23.44% lower. It has a 12-month low price of $55.11 and touched a high of $71.76 over the same period. HDB has an average intraday trading volume of 2.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.56%, -13.42%, and -15.86% respectively.
Institutional ownership of HDFC Bank Ltd. ADR (NYSE: HDB) shares accounts for 13.32% of the company’s 2.53B shares outstanding. Mutual fund holders own 4.27%, while other institutional holders and individual stakeholders account for 9.18% and — respectively.
It has a market capitalization of $136.59B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 16.65, while the earnings-per-share (ttm) stands at $3.24. The company has a PEG of 1.16 and the debt-to-equity ratio at 1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.93% over the week and 2.11% over the month.
Analysts forecast that HDFC Bank Ltd. ADR (HDB) will achieve an EPS of $0.52 for the current quarter, $0.73 for the next quarter and $2.91 for 2025. The lowest estimate earnings-per-share for the quarter is $0.52 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 3.40%, and 16.98% over the next financial year. EPS should grow at an annualized rate of 14.30% over the next five years, compared to 13.11% over the past 5-year period.
