Nintendo (OTCMKTS:NTDOY) Upgraded at Macquarie Capit

Macquarie Capit upgraded shares of Nintendo (OTCMKTS:NTDOY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

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

Nintendo Stock Up 1.8%

Shares of NTDOY traded up $0.24 during trading hours on Tuesday, hitting $13.82. The company had a trading volume of 3,517,970 shares, compared to its average volume of 3,295,271. The business has a fifty day moving average of $17.25 and a 200-day moving average of $20.41. The firm has a market cap of $71.79 billion, a price-to-earnings ratio of 24.25 and a beta of 0.56. Nintendo has a 12 month low of $13.47 and a 12 month high of $24.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTDOY. Salomon & Ludwin LLC lifted its position in Nintendo by 76.1% during the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after purchasing an additional 809 shares during the period. First Horizon Advisors Inc. raised its position in shares of Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after buying an additional 637 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nintendo by 322.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after acquiring an additional 3,225 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Nintendo by 18.6% in the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after acquiring an additional 1,882 shares during the last quarter. Institutional investors own 0.02% of the company’s stock.

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.