Macquarie Capit Upgrades Nintendo (OTCMKTS:NTDOY) to “Strong-Buy”

Nintendo (OTCMKTS:NTDOY) was upgraded by research analysts at Macquarie Capit from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on NTDOY. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. UBS Group raised Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday. Macquarie Infrastructure upgraded shares of Nintendo from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Nintendo Trading Up 1.8%

NTDOY stock traded up $0.24 during mid-day trading on Tuesday, hitting $13.82. The stock had a trading volume of 3,517,970 shares, compared to its average volume of 3,295,271. The firm has a fifty day simple moving average of $17.25 and a 200 day simple moving average of $20.41. The firm has a market capitalization of $71.79 billion, a P/E ratio of 24.25 and a beta of 0.56. Nintendo has a 52 week low of $13.47 and a 52 week high of $24.92.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. Nintendo had a net margin of 18.91% and a return on equity of 13.16%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $464.35 billion. As a group, equities analysts expect that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Appleton Partners Inc. MA boosted its holdings 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 buying an additional 837 shares in the last quarter. Dorsey Wright & Associates bought a new position in Nintendo during the third quarter worth $1,562,000. Impala Asset Management LLC acquired a new stake in Nintendo in the second quarter worth $1,720,000. Confluence Investment Management LLC grew its holdings 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 period. Finally, AdvisorShares Investments LLC bought a new stake in Nintendo in the third quarter valued at $1,052,000. 0.02% of the stock is owned by institutional investors and hedge funds.

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.