Azimuth Capital Investment Management LLC Invests $8.32 Million in Nintendo Co. (OTCMKTS:NTDOY)

Key Points

• Azimuth Capital Investment Management LLC invested $8.32 million in Nintendo Co. by purchasing 492,432 shares during the first quarter.
• Nintendo's stock is currently valued at approximately $24.15, with a one-year high of $24.52 and a market cap of $125.45 billion.
• Analysts have raised Nintendo's rating to "strong-buy", with a consensus estimate for the company to post $0.44 earnings per share for the current fiscal year.

Azimuth Capital Investment Management LLC purchased a new position in shares of Nintendo Co. (OTCMKTS:NTDOY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 492,432 shares of the company's stock, valued at approximately $8,323,000.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC purchased a new stake in shares of Nintendo in the fourth quarter valued at approximately $605,000. GAMMA Investing LLC increased its stake in shares of Nintendo by 2,029.9% during the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock valued at $4,735,000 after buying an additional 262,837 shares during the period. Appleton Partners Inc. MA raised its holdings in shares of Nintendo by 1.5% in the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock valued at $2,245,000 after acquiring an additional 1,969 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Nintendo by 192.5% in the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Nintendo by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after acquiring an additional 749 shares in the last quarter. Hedge funds and other institutional investors own 0.02% of the company's stock.

Nintendo Stock Performance

NTDOY stock opened at $24.15 on Friday. Nintendo Co. has a one year low of $12.00 and a one year high of $24.52. The firm's fifty day moving average is $22.20 and its 200 day moving average is $19.86. The firm has a market cap of $125.45 billion, a PE ratio of 57.50 and a beta of 0.64.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Nintendo had a return on equity of 9.77% and a net margin of 19.61%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $448.24 billion. Research analysts predict that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTDOY has been the subject of a number of analyst reports. Benchmark raised shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup assumed coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. Finally, Wedbush raised Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

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.

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