JPMorgan Chase & Co. Downgrades Nintendo (OTCMKTS:NTDOY) to Neutral

Nintendo (OTCMKTS:NTDOY – Get Rating) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

Separately, Wedbush reiterated an “outperform” rating on shares of Nintendo in a report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Nintendo Stock Performance

Shares of OTCMKTS NTDOY opened at $10.39 on Wednesday. The company has a market cap of $53.97 billion, a P/E ratio of 11.34 and a beta of 0.50. The firm’s fifty day moving average is $10.40 and its two-hundred day moving average is $11.83. Nintendo has a 52-week low of $9.76 and a 52-week high of $13.65.

Institutional Trading of Nintendo

Large investors have recently made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Nintendo in the 3rd quarter worth about $210,000. OLD National Bancorp IN bought a new stake in shares of Nintendo in the 2nd quarter worth about $244,000. New England Research & Management Inc. boosted its stake in shares of Nintendo by 109.8% during the 4th quarter. New England Research & Management Inc. now owns 35,475 shares of the company’s stock worth $370,000 after purchasing an additional 18,570 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Nintendo by 394.9% during the 4th quarter. Confluence Investment Management LLC now owns 50,188 shares of the company’s stock worth $523,000 after purchasing an additional 40,047 shares during the period. Finally, Farmer Steven Patrick purchased a new position in shares of Nintendo during the 2nd quarter worth about $546,000. 0.01% of the stock is currently owned by institutional investors.

About Nintendo

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Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.