AMTD Digital (NYSE:HKD) Trading Down 2.3% - Time to Sell?

Key Points

• Price action: AMTD Digital fell about 2.3% to $1.71 on Thursday with 252,918 shares traded (≈6% above average) and is trading above its 50‑day ($1.65) and 200‑day ($1.57) moving averages.
• Analyst sentiment: Weiss Ratings initiated coverage with a "sell (d)" and MarketBeat shows an average analyst rating of "Sell" for the stock.
• Institutional activity: Hedge funds hold only 5.75% of the stock, though several institutions notably increased positions recently—Renaissance Technologies (+127.2%) and Virtu Financial (+182.5%) among them.

AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report)'s stock price traded down 2.3% on Thursday . The company traded as low as $1.67 and last traded at $1.71. 252,918 shares were traded during trading, an increase of 6% from the average session volume of 238,121 shares. The stock had previously closed at $1.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of AMTD Digital in a research report on Monday, March 9th. They set a "sell (d)" rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AMTD Digital has an average rating of "Sell".

AMTD Digital Trading Down 2.3%

The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.29. The company's 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in AMTD Digital by 127.2% in the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company's stock worth $106,000 after buying an additional 46,561 shares during the period. Virtu Financial LLC increased its stake in AMTD Digital by 182.5% in the 3rd quarter. Virtu Financial LLC now owns 63,567 shares of the company's stock worth $114,000 after buying an additional 41,063 shares during the period. XTX Topco Ltd purchased a new stake in shares of AMTD Digital in the fourth quarter valued at approximately $80,000. SmartHarvest Portfolios LLC bought a new position in AMTD Digital in the first quarter worth approximately $179,000. Finally, Faithward Advisors LLC grew its stake in AMTD Digital by 324.5% in the first quarter. Faithward Advisors LLC now owns 67,921 shares of the company's stock worth $106,000 after purchasing an additional 51,921 shares in the last quarter. Hedge funds and other institutional investors own 5.75% of the company's stock.

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.

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