Nintendo (OTCMKTS:NTDOY) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Nintendo (OTCMKTS:NTDOY) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating on the stock.

Nintendo Stock Down 1.7 %

Nintendo stock opened at $18.25 on Tuesday. Nintendo has a 52-week low of $11.36 and a 52-week high of $19.47. The company has a market cap of $94.80 billion, a P/E ratio of 40.56 and a beta of 0.39. The business has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $15.14.

Nintendo (OTCMKTS:NTDOY) last announced its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. Research analysts anticipate that Nintendo will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co purchased a new stake in Nintendo in the fourth quarter worth about $182,000. GAMMA Investing LLC increased its holdings in Nintendo by 53.4% in the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares in the last quarter. SVB Wealth LLC bought a new stake in Nintendo during the 4th quarter worth approximately $192,000. Fulton Bank N.A. purchased a new position in Nintendo during the fourth quarter valued at approximately $200,000. Finally, Sterling Capital Management LLC bought a new position in shares of Nintendo in the fourth quarter worth approximately $605,000. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

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.