HDFC Bank Limited (HDB) Review – Making Smarter Decisions

733 institutions hold shares in HDFC Bank Limited (HDB), with institutional investors hold 19.78% of the company’s shares. Institutions hold 19.78% of the Float.


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The top institutional shareholder in the company is JP Morgan Chase & Company with over 36.17 million shares valued at $2.61 billion. The investor’s holdings represent 1.97% of the HDB Shares outstanding. As of Dec 30, 2020, the second largest holder is WCM Investment Management, LLC with 34.74 million shares valued at $2.51 billion to account for 1.89% of the shares outstanding. The other top investors are Vontobel Holding Limited which holds 21.11 million shares representing 1.15% and valued at over $1.53 billion, while Morgan Stanley holds 0.91% of the shares totaling 16.78 million with a market value of $1.21 billion.

HDFC Bank Limited (NYSE: HDB) is 4.39% higher on its value in year-to-date trading and has touched a low of $35.65 and a high of $84.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HDB stock was last observed hovering at around $75.84 in the last trading session, with the day’s loss setting it -0.41% off its average median price target of $71.23 for the next 12 months. It is also 18.89% off the consensus price target high of $93.00 offered by 43 analysts, but current levels are -38.23% lower than the price target low of $54.57 for the same period.

Currently trading at $75.43, the stock is -5.39% and -5.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -0.54% at the moment leaves the stock 20.42% off its SMA200. HDB registered 118.07% gain for a year compared to 6-month gain of 45.70%. The firm has a 50-day simple moving average (SMA 50) of $80.67 and a 200-day simple moving average (SMA200) of $69.47.

The stock witnessed a -8.33% loss in the last 1 month and extending the period to 3 months gives it a 7.76%, and is -4.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.74% over the week and 2.01% over the month.

HDFC Bank Limited (HDB) has around 116971 employees, a market worth around $137.83B and $10.35B in sales. Current P/E ratio is 197.20 and Fwd P/E is 25.83. Distance from 52-week low is 111.58% and -10.94% from its 52-week high.

HDFC Bank Limited (HDB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for HDFC Bank Limited (HDB) is a “Buy”. 43 analysts offering their recommendations for the stock have an average rating of 1.30, where 2 rate it as a Hold and 6 think it is a “Overweight”. 34 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

HDFC Bank Limited is expected to release its quarterly report on 07/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.61.The EPS is expected to grow by 11.90% this year, but quarterly earnings will post 45.00% year-over-year.

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HDFC Bank Limited (HDB): Who are the competitors?

The company’s main competitors (and peers) include ICICI Bank Limited (IBN) that is trading 114.11% up over the past 12 months. Short interest in the company’s stock has risen 11.49% from the last report on Feb 11, 2021 to stand at a total of 5.39 million short shares sold with a short interest ratio of 4.47.

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