Nintendo (OTCMKTS:NTDOY) Upgraded by Wolfe Research to “Hold”

Wolfe Research upgraded shares of Nintendo (OTCMKTS:NTDOY) to a hold rating in a report published on Sunday, Zacks.com reports.

Nintendo Trading Up 0.1 %

Nintendo stock opened at $13.40 on Friday. Nintendo has a 12 month low of $10.03 and a 12 month high of $15.01. The business’s fifty day simple moving average is $13.43 and its two-hundred day simple moving average is $13.30. The company has a market capitalization of $69.61 billion, a price-to-earnings ratio of 18.36 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.71 billion. Nintendo had a net margin of 26.75% and a return on equity of 15.34%. On average, equities research analysts predict that Nintendo will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. ORG Partners LLC bought a new position in Nintendo during the first quarter valued at approximately $110,000. GAMMA Investing LLC raised its stake in Nintendo by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 8,421 shares of the company’s stock valued at $114,000 after buying an additional 1,928 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Nintendo by 10.7% during the 2nd quarter. Fulton Bank N.A. now owns 12,681 shares of the company’s stock valued at $169,000 after buying an additional 1,223 shares during the period. SVB Wealth LLC boosted its stake in shares of Nintendo by 6.5% in the 1st quarter. SVB Wealth LLC now owns 14,580 shares of the company’s stock worth $198,000 after buying an additional 888 shares during the last quarter. Finally, O Brien Greene & Co. Inc grew its holdings in shares of Nintendo by 2.7% in the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after acquiring an additional 995 shares during the period. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.