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

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

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

Nintendo Price Performance

Nintendo stock traded down $0.39 during trading hours on Thursday, hitting $15.82. 2,492,948 shares of the stock traded hands, compared to its average volume of 2,585,018. The stock has a market capitalization of $82.16 billion, a price-to-earnings ratio of 29.84 and a beta of 0.58. The firm’s 50 day moving average price is $18.43 and its 200-day moving average price is $20.85. Nintendo has a 1 year low of $15.15 and a 1 year high of $24.92.

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

Institutional Trading of Nintendo

Several large investors have recently made changes to their positions in NTDOY. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $71,000 after purchasing an additional 3,225 shares during the last quarter. Confluence Investment Management LLC boosted its position in Nintendo by 4.0% in the fourth quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after purchasing an additional 2,628 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Nintendo during the 3rd quarter worth $1,562,000. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 30.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock valued at $168,000 after buying an additional 1,851 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Nintendo during the 3rd quarter valued at approximately $1,052,000. 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.