Nintendo (OTCMKTS:NTDOY) Sees Large Volume Increase - What's Next?

Shares of Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) saw an uptick in trading volume on Wednesday . 1,743,653 shares traded hands during trading, a decline of 18% from the previous session's volume of 2,114,569 shares.The stock last traded at $22.53 and had previously closed at $23.11.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NTDOY shares. The Goldman Sachs Group initiated coverage on shares of Nintendo in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Citigroup initiated coverage on shares of Nintendo in a report on Friday, May 2nd. They issued a "buy" rating on the stock. Wedbush upgraded shares of Nintendo to a "strong-buy" rating in a report on Tuesday. Finally, Benchmark upgraded shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Nintendo presently has a consensus rating of "Buy".

Nintendo Trading Down 0.3%

The company's 50 day moving average price is $21.18 and its two-hundred day moving average price is $18.36. The stock has a market cap of $118.18 billion, a P/E ratio of 58.33 and a beta of 0.63.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $215.06 billion. On average, sell-side analysts anticipate that Nintendo Co. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Nintendo

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of Nintendo by 16.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after purchasing an additional 749 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Nintendo by 1.5% in the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after purchasing an additional 843 shares during the period. First Horizon Advisors Inc. raised its stake in Nintendo by 192.5% during the 1st 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. Appleton Partners Inc. MA raised 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 acquiring an additional 1,969 shares during the period. Finally, GAMMA Investing LLC raised its stake in Nintendo by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after acquiring an additional 3,114 shares during the period. Institutional investors own 0.02% of the company's stock.

Nintendo Company 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.