Glovista Investments LLC Has Boosted Hdfc Bank LTD (HDB) Position by $4.37 Million as Shares Rose

February 14, 2018 - By Michael Pereira

Glovista Investments Llc increased its stake in Hdfc Bank Ltd (HDB) by 182.21% based on its latest 2017Q3 regulatory filing with the SEC. Glovista Investments Llc bought 45,517 shares as the company’s stock rose 20.33% with the market. The institutional investor held 70,497 shares of the commercial banks company at the end of 2017Q3, valued at $6.79M, up from 24,980 at the end of the previous reported quarter. Glovista Investments Llc who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $77.74B market cap company. The stock decreased 0.08% or $0.08 during the last trading session, reaching $101.36. About 369,775 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since February 14, 2017 and is uptrending. It has outperformed by 19.53% the S&P500.

Glovista Investments Llc, which manages about $940.85M and $523.49M US Long portfolio, decreased its stake in Kraneshares Tr (KWEB) by 95,094 shares to 13,382 shares, valued at $759,000 in 2017Q3, according to the filing. It also reduced its holding in Ishares Inc (EWW) by 77,183 shares in the quarter, leaving it with 113,435 shares, and cut its stake in Vaneck Vectors Etf Tr.

Another recent and important HDFC Bank Limited (NYSE:HDB) news was published by which published an article titled: “Matthews Asia Innovators Fund Inv (MATFX) January Summary” on February 13, 2018.

HDFC Bank Limited (NYSE:HDB) Ratings Coverage

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. The stock of HDFC Bank Limited (NYSE:HDB) has “Buy” rating given on Wednesday, September 14 by Goldman Sachs. The stock of HDFC Bank Limited (NYSE:HDB) earned “Hold” rating by Zacks on Monday, September 21. As per Thursday, August 27, the company rating was downgraded by Zacks. As per Tuesday, March 21, the company rating was downgraded by Morgan Stanley.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: