Nintendo (OTCMKTS:NTDOY) Raised to “Peer Perform” at Wolfe Research

Nintendo (OTCMKTS:NTDOY) was upgraded by investment analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a report issued on Thursday, MarketBeat Ratings reports.

Separately, Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Nintendo Stock Up 5.4%

Nintendo stock opened at $16.67 on Thursday. Nintendo has a 52-week low of $15.25 and a 52-week high of $24.92. The firm has a market cap of $86.60 billion, a PE ratio of 31.45 and a beta of 0.58. The company’s 50 day moving average is $18.21 and its two-hundred day moving average is $20.77.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. On average, equities research analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

A number of hedge funds and other institutional investors have recently bought and sold shares of NTDOY. GAMMA Investing LLC raised its position in Nintendo by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock valued at $490,000 after purchasing an additional 4,338 shares during the last quarter. First Horizon Advisors Inc. increased its stake in 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 during the period. 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 valued at $145,000 after buying an additional 724 shares during the last quarter. Impala Asset Management LLC purchased a new stake in shares of Nintendo in the second quarter valued at about $1,720,000. Finally, Confluence Investment Management LLC boosted its stake in shares of Nintendo by 16.3% during the third quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock worth $1,391,000 after buying an additional 9,121 shares during the period. 0.02% of the stock is currently owned by institutional investors and hedge funds.

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.