AMTD Digital (NYSE:HKD) Trading Down 0.3% – Should You Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s stock price was down 0.3% during trading on Friday . The stock traded as low as $1.67 and last traded at $1.6950. 51,328 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 98,817 shares. The stock had previously closed at $1.70.

Analysts Set New Price Targets

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

AMTD Digital Price Performance

The company’s 50-day moving average price is $1.65 and its two-hundred day moving average price is $1.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in AMTD Digital by 10.4% in the first quarter. Renaissance Technologies LLC now owns 91,800 shares of the company’s stock worth $143,000 after purchasing an additional 8,639 shares during the period. Virtu Financial LLC raised its holdings in shares of AMTD Digital by 182.5% during the third quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock worth $114,000 after purchasing an additional 41,063 shares during the period. Faithward Advisors LLC lifted its position in shares of AMTD Digital by 324.5% in the 1st quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock worth $106,000 after buying an additional 51,921 shares during the last quarter. XTX Topco Ltd bought a new position in shares of AMTD Digital in the 4th quarter worth about $80,000. Finally, SmartHarvest Portfolios LLC acquired a new position in shares of AMTD Digital in the 1st quarter valued at about $179,000. Institutional investors own 5.75% of the company’s stock.

AMTD Digital Company Profile

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.