Nintendo (OTCMKTS:NTDOY) Coverage Initiated at TD Cowen

TD Cowen initiated coverage on shares of Nintendo (OTCMKTS:NTDOY) in a research note issued to investors on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating on the stock.

Separately, Wolfe Research upgraded shares of Nintendo to a hold rating in a report on Sunday, September 22nd.

Nintendo Stock Up 0.2 %

Shares of OTCMKTS:NTDOY opened at $13.32 on Monday. The stock has a market cap of $69.19 billion, a P/E ratio of 18.21 and a beta of 0.43. Nintendo has a 52-week low of $10.03 and a 52-week high of $15.01. The business’s 50 day moving average is $13.39 and its 200 day moving average is $13.27.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Appleton Partners Inc. MA increased its holdings in Nintendo by 0.6% in the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after acquiring an additional 780 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of Nintendo by 6.5% in the first quarter. SVB Wealth LLC now owns 14,580 shares of the company’s stock valued at $198,000 after purchasing an additional 888 shares during the last quarter. 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 valued at $512,000 after purchasing an additional 995 shares during the period. Confluence Investment Management LLC increased its position in Nintendo by 2.1% during the second quarter. Confluence Investment Management LLC now owns 56,139 shares of the company’s stock worth $747,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Nintendo by 10.7% during the second quarter. Fulton Bank N.A. now owns 12,681 shares of the company’s stock worth $169,000 after purchasing an additional 1,223 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.