GAMMA Investing LLC Boosts Holdings in Nintendo Co., Ltd. (OTCMKTS:NTDOY)

GAMMA Investing LLC boosted its stake in Nintendo Co., Ltd. (OTCMKTS:NTDOY - Free Report) by 2,029.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,785 shares of the company's stock after purchasing an additional 262,837 shares during the quarter. GAMMA Investing LLC's holdings in Nintendo were worth $4,735,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of Nintendo during the fourth quarter valued at about $192,000. Sterling Capital Management LLC bought a new position in shares of Nintendo during the fourth quarter valued at about $605,000. Kornitzer Capital Management Inc. KS lifted its position in shares of Nintendo by 49.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock valued at $2,215,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nintendo during the fourth quarter valued at about $2,633,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Nintendo Trading Up 1.1%

OTCMKTS NTDOY traded up $0.23 during trading on Friday, hitting $20.72. The company had a trading volume of 4,188,192 shares, compared to its average volume of 2,100,998. Nintendo Co., Ltd. has a one year low of $11.36 and a one year high of $22.08. The company has a market cap of $107.64 billion, a price-to-earnings ratio of 46.05 and a beta of 0.60. The company's fifty day moving average is $19.80 and its 200-day moving average is $17.56.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $215.06 billion. Nintendo had a net margin of 25.83% and a return on equity of 12.14%. As a group, equities analysts anticipate that Nintendo Co., Ltd. will post 0.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Nintendo in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. Benchmark raised shares of Nintendo to a "strong-buy" rating in a research note on Monday, May 19th. Finally, Citigroup started coverage on shares of Nintendo in a research note on Friday, May 2nd. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Nintendo Profile

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.