AdvisorShares Investments LLC Purchases New Holdings in Nintendo Co. $NTDOY

AdvisorShares Investments LLC acquired a new position in Nintendo Co. (OTCMKTS:NTDOY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,290 shares of the company’s stock, valued at approximately $1,052,000.

Several other institutional investors also recently modified their holdings of NTDOY. First Horizon Advisors Inc. raised its stake in shares of Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after purchasing an additional 637 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after buying an additional 724 shares during the period. Impala Asset Management LLC acquired a new position in shares of Nintendo in the 2nd quarter valued at $1,720,000. GAMMA Investing LLC raised its stake in shares of Nintendo by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 22,235 shares of the company’s stock valued at $474,000 after buying an additional 1,835 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of Nintendo by 16.3% during the 3rd quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock worth $1,391,000 after acquiring an additional 9,121 shares during the period. Institutional investors and hedge funds own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NTDOY. Zacks Research raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. China Renaissance reaffirmed a “sell” rating on shares of Nintendo in a research note on Wednesday. Finally, Macquarie Infrastructure upgraded Nintendo from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Nintendo Stock Performance

NTDOY opened at $13.82 on Friday. Nintendo Co. has a 52 week low of $13.47 and a 52 week high of $24.92. The company has a fifty day moving average price of $17.11 and a two-hundred day moving average price of $20.34. The firm has a market capitalization of $71.79 billion, a PE ratio of 24.25 and a beta of 0.56.

Nintendo 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.