Nintendo (OTCMKTS:NTDOY) Shares Down 6.8% – Here’s Why

Nintendo Co. (OTCMKTS:NTDOY) traded down 6.8% on Tuesday . The company traded as low as $11.38 and last traded at $11.40. 1,491,232 shares traded hands during trading, a decline of 52% from the average session volume of 3,135,808 shares. The stock had previously closed at $12.23.

Analysts Set New Price Targets

A number of research analysts have commented on NTDOY shares. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a report on Monday, May 11th. TD Cowen reissued a “buy” rating on shares of Nintendo in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nintendo Stock Performance

The stock has a market capitalization of $57.10 billion, a price-to-earnings ratio of 18.48 and a beta of 0.38. The company has a fifty day simple moving average of $12.34 and a two-hundred day simple moving average of $15.00.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Nintendo had a return on equity of 13.74% and a net margin of 18.33%.The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.63 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, equities analysts anticipate that Nintendo Co. will post 0.53 earnings per share for the current year.

Institutional Trading of Nintendo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in Nintendo by 322.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after acquiring an additional 3,225 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Nintendo by 11.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after purchasing an additional 1,023 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Nintendo in the 4th quarter valued at $295,000. O Brien Greene & Co. Inc increased its stake in shares of Nintendo by 2.1% in the 4th 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 during the last quarter. Finally, AdvisorShares Investments LLC increased its stake in shares of Nintendo by 4.9% in the 4th quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after purchasing an additional 2,413 shares during the last quarter. Institutional investors own 0.02% of the company’s stock.

About Nintendo

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.