Nintendo (OTCMKTS:NTDOY) Upgraded at UBS Group

UBS Group upgraded shares of Nintendo (OTCMKTS:NTDOY) from a sell rating to a neutral rating in a research report released on Wednesday morning, Marketbeat Ratings reports.

Several other brokerages also 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 raised shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Macquarie Infrastructure raised shares of Nintendo from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, China Renaissance reiterated a “sell” rating on shares of Nintendo in a report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nintendo presently has a consensus rating of “Moderate Buy”.

Nintendo Stock Performance

Shares of OTCMKTS:NTDOY opened at $13.82 on Wednesday. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $20.35. The stock has a market cap of $71.79 billion, a PE ratio of 24.25 and a beta of 0.56. Nintendo has a one year low of $13.47 and a one year high of $24.92.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, topping 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 13.16% and a net margin of 18.91%. As a group, equities research analysts predict that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

Institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its position in Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after acquiring an additional 637 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 724 shares in the last quarter. O Brien Greene & Co. Inc increased its position in Nintendo by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock worth $642,000 after purchasing an additional 800 shares in the last quarter. Salomon & Ludwin LLC raised its holdings 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 buying an additional 809 shares during the period. Finally, Appleton Partners Inc. MA raised its holdings in Nintendo by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after buying an additional 837 shares during the period. 0.02% of the stock is owned by hedge funds and other institutional investors.

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.