Nintendo Co. (OTCMKTS:NTDOY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Nintendo Co. (OTCMKTS:NTDOY) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and three have issued a strong buy recommendation on the company.

NTDOY has been the topic of a number of research reports. China Renaissance restated a “sell” rating on shares of Nintendo in a report on Wednesday, February 4th. UBS Group raised Nintendo from a “sell” rating to a “neutral” rating in a report on Wednesday, February 4th. Zacks Research cut Nintendo from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Macquarie Capit upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTDOY. First Horizon Advisors Inc. lifted its stake in Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after buying an additional 637 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Nintendo by 2.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock worth $642,000 after acquiring an additional 800 shares during the last quarter. Salomon & Ludwin LLC lifted its position in shares of 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 in the last quarter. Finally, Appleton Partners Inc. MA boosted its stake in shares of Nintendo by 0.7% during the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after acquiring an additional 837 shares during the last quarter. 0.02% of the stock is owned by hedge funds and other institutional investors.

Nintendo Stock Down 0.5%

Shares of OTCMKTS NTDOY opened at $13.72 on Thursday. The firm’s 50-day moving average price is $16.47 and its 200-day moving average price is $20.07. Nintendo has a 52-week low of $13.47 and a 52-week high of $24.92. The company has a market cap of $71.27 billion, a PE ratio of 24.07 and a beta of 0.56.

Nintendo Company Profile

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.