Nintendo (OTCMKTS:NTDOY) Shares Gap Up – Should You Buy?

Shares of Nintendo Co. (OTCMKTS:NTDOY) gapped up prior to trading on Friday. The stock had previously closed at $13.17, but opened at $13.63. Nintendo shares last traded at $13.76, with a volume of 531,112 shares traded.

Analyst Upgrades and Downgrades

NTDOY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. UBS Group cut shares of Nintendo from a “neutral” rating to a “sell” rating in a research note on Friday, September 25th. Finally, BNP Paribas Exane started coverage on shares of Nintendo in a report on Tuesday, September 22nd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Nintendo currently has a consensus rating of “Hold”.

Nintendo Price Performance

The company has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $12.88. The firm has a market cap of $70.54 billion, a PE ratio of 22.46 and a beta of 0.49.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Nintendo had a return on equity of 15.10% and a net margin of 20.44%. On average, sell-side analysts predict that Nintendo Co. will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

A number of large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its stake in Nintendo by 1,098,454.5% in the third quarter. Hantz Financial Services Inc. now owns 120,841 shares of the company’s stock worth $1,514,000 after purchasing an additional 120,830 shares during the last quarter. Gagnon Securities LLC boosted its position in Nintendo by 2.6% during the third quarter. Gagnon Securities LLC now owns 72,483 shares of the company’s stock valued at $908,000 after buying an additional 1,808 shares during the period. O Brien Greene & Co. Inc grew its stake in shares of Nintendo by 4.8% during the third quarter. O Brien Greene & Co. Inc now owns 43,650 shares of the company’s stock valued at $547,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Nintendo by 31.5% during the third quarter. GAMMA Investing LLC now owns 22,266 shares of the company’s stock valued at $279,000 after buying an additional 5,340 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Nintendo by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after buying an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co., Ltd. is a Japanese entertainment company headquartered in Kyoto. Founded in 1889 as a maker of playing cards, it later expanded into video games and became a developer and publisher of interactive entertainment. The company makes video game hardware, including the Nintendo Switch family of systems, and develops and publishes games for its platforms. Its well-known franchises include Super Mario, The Legend of Zelda, Animal Crossing and Splatoon. Nintendo also extends its intellectual property through mobile games, licensing and location-based attractions.