Nintendo (OTCMKTS:NTDOY) Shares Gap Up Following Analyst Upgrade

Nintendo Co. (OTCMKTS:NTDOY)’s share price gapped up before the market opened on Friday after Wolfe Research upgraded the stock from an underperform rating to a peer perform rating. The stock had previously closed at $15.81, but opened at $16.40. Nintendo shares last traded at $16.32, with a volume of 1,985,771 shares traded.

Separately, Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Nintendo

A number of institutional investors and hedge funds have recently modified their holdings of NTDOY. Salomon & Ludwin LLC boosted its stake in Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after acquiring an additional 809 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after purchasing an additional 637 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Nintendo by 322.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after purchasing an additional 3,225 shares during the period. PNC Financial Services Group Inc. increased its holdings in Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after purchasing an additional 724 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Nintendo by 18.6% in the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after buying an additional 1,882 shares during the period. 0.02% of the stock is owned by institutional investors.

Nintendo Price Performance

The stock has a market cap of $86.60 billion, a price-to-earnings ratio of 31.45 and a beta of 0.58. The firm has a 50 day simple moving average of $18.21 and a two-hundred day simple moving average of $20.77.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a return on equity of 12.26% and a net margin of 21.10%. On average, sell-side analysts expect that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.