AdvisorShares Investments LLC Makes New Investment in Nintendo Co. $NTDOY

AdvisorShares Investments LLC bought a new stake in Nintendo Co. (OTCMKTS:NTDOY) in the third quarter, HoldingsChannel reports. The fund bought 49,290 shares of the company’s stock, valued at approximately $1,052,000.

A number of other hedge funds also recently modified their holdings of NTDOY. Salomon & Ludwin LLC lifted its holdings in shares of Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Nintendo by 34.9% during 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after buying an additional 724 shares during the period. 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 in the last quarter. Finally, Atlatl Advisers LLC bought a new stake in Nintendo in the 3rd quarter valued at $462,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Price Performance

Nintendo stock opened at $13.82 on Friday. The company’s 50-day moving average is $17.11 and its 200-day moving average is $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 Co. has a fifty-two week low of $13.47 and a fifty-two week high of $24.92.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NTDOY. UBS Group raised shares of Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday. China Renaissance reissued a “sell” rating on shares of Nintendo in a research report on Wednesday. Macquarie Capit upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Zacks Research upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.