Citigroup Begins Coverage on Nintendo (OTCMKTS:NTDOY)

Equities research analysts at Citigroup initiated coverage on shares of Nintendo (OTCMKTS:NTDOY) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating on the stock.

Separately, The Goldman Sachs Group started coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a “buy” rating on the stock.

Nintendo Trading Up 3.8 %

NTDOY opened at $21.69 on Friday. The firm has a market cap of $112.67 billion, a price-to-earnings ratio of 48.20 and a beta of 0.61. Nintendo has a 12 month low of $11.36 and a 12 month high of $21.73. The stock has a fifty day moving average price of $18.07 and a 200-day moving average price of $16.08.

Nintendo (OTCMKTS:NTDOY) last announced its earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. On average, equities research analysts forecast that Nintendo will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Nintendo

Several hedge funds have recently modified their holdings of NTDOY. First Horizon Advisors Inc. boosted its stake in Nintendo by 192.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company’s stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Nintendo during the fourth quarter worth $182,000. GAMMA Investing LLC grew its holdings in shares of Nintendo by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after buying an additional 4,509 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Nintendo in the 4th quarter valued at $192,000. Finally, Fulton Bank N.A. purchased a new position in Nintendo in the 4th quarter worth $200,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

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