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 research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and three have given a strong buy rating to the company.

A number of research firms 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, February 4th. China Renaissance restated a “sell” rating on shares of Nintendo in a research report on Wednesday, February 4th. Macquarie Capit upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wolfe Research raised Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Finally, Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd.

Institutional Investors Weigh In On Nintendo

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew 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 acquiring an additional 637 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 valued at $145,000 after purchasing an additional 724 shares in the last quarter. O Brien Greene & Co. Inc lifted 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 valued at $642,000 after purchasing an additional 800 shares in the last quarter. Salomon & Ludwin LLC grew 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 purchasing an additional 809 shares during the last quarter. Finally, Appleton Partners Inc. MA increased its stake in shares of Nintendo by 0.7% during the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock worth $2,716,000 after purchasing an additional 837 shares in the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Nintendo Price Performance

Shares of NTDOY stock opened at $13.72 on Thursday. The business’s fifty day moving average price is $16.35 and its 200 day moving average price is $20.01. The firm has a market capitalization of $71.27 billion, a PE ratio of 24.07 and a beta of 0.56. Nintendo has a 1-year low of $13.47 and a 1-year high of $24.92.

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.