Nintendo (OTCMKTS:NTDOY) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Nintendo (OTCMKTS:NTDOY) from an underperform rating to a peer perform rating in a report released on Thursday morning, MarketBeat reports.

Separately, Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Nintendo Trading Up 5.4%

OTCMKTS:NTDOY opened at $16.67 on Thursday. The firm has a 50-day moving average price of $18.21 and a two-hundred day moving average price of $20.76. Nintendo has a twelve month low of $15.25 and a twelve month high of $24.92. The company has a market capitalization of $86.60 billion, a P/E ratio of 31.45 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. On average, equities research analysts predict that Nintendo will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Nintendo

Hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its holdings in Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after acquiring an additional 809 shares during the last quarter. First Horizon Advisors Inc. raised its holdings 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 worth $59,000 after purchasing an additional 637 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Nintendo by 322.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after purchasing an additional 3,225 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 724 shares during the period. Finally, Diversified Trust Co increased its position in Nintendo by 18.6% during the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after purchasing an additional 1,882 shares in the last quarter. Institutional investors and hedge funds own 0.02% of the company’s stock.

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.