Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $22.87 and last traded at $22.86, with a volume of 365705 shares traded. The stock had previously closed at $21.57.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Nintendo in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Finally, Citigroup began coverage on shares of Nintendo in a report on Friday, May 2nd. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".
Get Our Latest Analysis on Nintendo
Nintendo Stock Performance
The company has a market capitalization of $114.08 billion, a price-to-earnings ratio of 56.31 and a beta of 0.60. The business's 50-day simple moving average is $20.28 and its 200-day simple moving average is $17.82.
Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $215.06 billion. On average, analysts forecast that Nintendo Co. will post 0.44 earnings per share for the current year.
Institutional Trading of Nintendo
A number of hedge funds have recently modified their holdings of the company. SVB Wealth LLC bought a new stake in Nintendo during the 4th quarter worth approximately $192,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Nintendo during the 4th quarter worth approximately $2,633,000. Sterling Capital Management LLC bought a new stake in Nintendo during the 4th quarter worth approximately $605,000. GAMMA Investing LLC increased its stake in Nintendo by 2,029.9% during the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after purchasing an additional 262,837 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its stake in Nintendo by 1.5% during the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after purchasing an additional 1,969 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors and hedge funds.
About Nintendo
(
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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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