Nintendo (OTCMKTS:NTDOY) Shares Gap Up – Still a Buy?

Nintendo Co. (OTCMKTS:NTDOY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.44, but opened at $11.89. Nintendo shares last traded at $11.85, with a volume of 975,909 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered Nintendo from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Nintendo in a research note on Tuesday, April 14th. Benchmark reiterated a “buy” rating on shares of Nintendo in a research note on Monday, May 11th. China Renaissance reiterated a “sell” rating on shares of Nintendo in a research note on Wednesday, February 4th. Finally, UBS Group upgraded Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nintendo currently has an average rating of “Hold”.

Nintendo Stock Performance

The company has a market capitalization of $61.10 billion, a P/E ratio of 19.78 and a beta of 0.41. The business has a 50 day moving average of $13.40 and a 200-day moving average of $16.10.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Nintendo had a return on equity of 13.82% and a net margin of 18.33%.The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.63 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, equities analysts forecast that Nintendo Co. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Appleton Partners Inc. MA grew its position in Nintendo by 27.9% during the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock worth $2,248,000 after buying an additional 35,581 shares in the last quarter. Dorsey Wright & Associates purchased a new position in Nintendo during the third quarter worth about $1,562,000. Confluence Investment Management LLC grew its position in Nintendo by 4.0% during the fourth quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after buying an additional 2,628 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Nintendo during the fourth quarter worth about $875,000. Finally, AdvisorShares Investments LLC grew its position in Nintendo by 4.9% during the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock worth $872,000 after buying an additional 2,413 shares in the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

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.