AMTD Digital (NYSE:HKD) Stock Price Down 0.9% – What’s Next?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) fell 0.9% on Friday . The company traded as low as $1.69 and last traded at $1.7050. 125,761 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 111,287 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

AMTD Digital Trading Down 0.9%

The stock’s fifty day moving average is $1.64 and its 200 day moving average is $1.65.

Hedge Funds Weigh In On AMTD Digital

Several hedge funds and other institutional investors have recently modified their holdings of the company. SmartHarvest Portfolios LLC bought a new position in AMTD Digital during the 1st quarter valued at approximately $179,000. XTX Topco Ltd purchased a new position in shares of AMTD Digital during the fourth quarter valued at approximately $80,000. Faithward Advisors LLC raised its holdings in shares of AMTD Digital by 324.5% during the first quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock valued at $106,000 after acquiring an additional 51,921 shares in the last quarter. Renaissance Technologies LLC lifted its stake in AMTD Digital by 127.2% in the fourth quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock worth $106,000 after acquiring an additional 46,561 shares during the period. Finally, Virtu Financial LLC boosted its holdings in AMTD Digital by 182.5% in the third quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock valued at $114,000 after acquiring an additional 41,063 shares in the last quarter. 5.75% of the stock is owned by institutional investors.

About AMTD Digital

AMTD Digital Inc is a Cayman Islands–incorporated digital technology and financial service provider that delivers a suite of digital-first solutions to financial institutions, corporations and government bodies. As a subsidiary of AMTD Group, the company leverages its expertise in digital transformation to support clients’ needs for scalable, secure and data-driven platforms.

The company’s core offerings include digital brokerage, digital wealth management, digital insurance and digital capital markets services, supplemented by tokenization and digital asset solutions.