Nintendo (OTCMKTS:NTDOY) Shares Gap Up After Analyst Upgrade

Nintendo Co. (OTCMKTS:NTDOY) shares gapped up prior to trading on Friday after Wolfe Research upgraded the stock from an underperform rating to a peer perform rating. The stock had previously closed at $15.81, but opened at $16.40. Nintendo shares last traded at $16.32, with a volume of 1,985,771 shares.

Separately, Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NTDOY. GAMMA Investing LLC grew its stake in shares of Nintendo by 27.0% in the second quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock worth $490,000 after acquiring an additional 4,338 shares during the last quarter. First Horizon Advisors Inc. grew its position in Nintendo by 34.9% during the 2nd 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 last quarter. PNC Financial Services Group Inc. raised its holdings in Nintendo by 13.6% in the second 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 last quarter. Impala Asset Management LLC purchased a new position in Nintendo in the second quarter worth about $1,720,000. Finally, Confluence Investment Management LLC lifted its stake in shares of Nintendo by 16.3% in 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 in the last quarter. 0.02% of the stock is currently owned by institutional investors.

Nintendo Stock Up 3.8%

The stock has a market cap of $85.27 billion, a PE ratio of 30.97 and a beta of 0.58. The stock’s fifty day moving average price is $18.32 and its 200 day moving average price is $20.81.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings data 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. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $464.35 billion. On average, equities research analysts expect that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

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.