Nintendo (OTCMKTS:NTDOY) Shares Gap Down on Analyst Downgrade

Nintendo Co. (OTCMKTS:NTDOY) gapped down before the market opened on Friday after UBS Group downgraded the stock from a neutral rating to a sell rating. The stock had previously closed at $12.8118, but opened at $12.42. Nintendo shares last traded at $12.38, with a volume of 362,620 shares trading hands.

NTDOY has been the subject of several other reports. BNP Paribas Exane assumed coverage on Nintendo in a report on Tuesday. They set a “neutral” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Nintendo in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Nintendo

A number of institutional investors and hedge funds have recently made changes to their positions in NTDOY. Hantz Financial Services Inc. bought a new stake in shares of Nintendo in the 4th quarter worth about $875,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nintendo by 47.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Nintendo by 11.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock worth $143,000 after acquiring an additional 1,023 shares in the last quarter. Appleton Partners Inc. MA grew its position in Nintendo by 27.9% in the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock worth $2,248,000 after acquiring an additional 35,581 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its stake 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 acquiring an additional 2,413 shares during the last quarter. 0.02% of the stock is owned by hedge funds and other institutional investors.

Nintendo Stock Down 3.4%

The company has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $12.52. The company has a market capitalization of $63.75 billion, a P/E ratio of 18.76 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $2.72 billion. Nintendo had a return on equity of 16.31% and a net margin of 21.00%.Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, research analysts expect that Nintendo Co. will post 0.58 EPS for the current fiscal year.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company that develops and publishes interactive video games and related hardware, software and digital content. Its business centers on dedicated gaming platforms, first-party software and accessories, supported by a portfolio of globally recognized intellectual properties, including Mario, The Legend of Zelda, Pokémon, Animal Crossing and Splatoon.

The company’s current platform business includes the Nintendo Switch family of consoles, along with downloadable games, add-on content and subscription services distributed through Nintendo eShop and Nintendo Switch Online.