AMTD Digital (NYSE:HKD) Shares Up 0.3% – Here’s What Happened

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s share price shot up 0.3% on Monday . The stock traded as high as $1.69 and last traded at $1.6650. 230,141 shares were traded during mid-day trading, a decline of 32% from the average session volume of 339,072 shares. The stock had previously closed at $1.66.

AMTD Digital Stock Up 0.3%

The stock has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.60.

AMTD Digital (NYSE:HKD) last released its quarterly earnings data on Friday, October 31st. The company reported $0.11 earnings per share for the quarter. The business had revenue of $23.75 million during the quarter.

Hedge Funds Weigh In On AMTD Digital

Several hedge funds have recently modified their holdings of HKD. Renaissance Technologies LLC boosted its position in shares of AMTD Digital by 127.2% during 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 last quarter. Virtu Financial LLC lifted 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 purchasing an additional 41,063 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of AMTD Digital during the 4th quarter valued at about $80,000. Hedge funds and other 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.