Nintendo (OTCMKTS:NTDOY) Shares Gap Up - Here's What Happened

Key Points

• Nintendo's shares jumped from a closing price of $21.01 to an opening price of $22.31 before trading at $22.50, indicating a strong market interest.
• Analysts have a favorable view of Nintendo, with a consensus rating of "Buy", and recent upgrades to a "strong-buy" from several investment firms.
• The company reported quarterly earnings meeting expectations at $0.09 EPS, but had a staggering revenue figure of $3.80 billion against analysts’ estimates.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $21.01, but opened at $22.31. Nintendo shares last traded at $22.50, with a volume of 171,056 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on NTDOY shares. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Citigroup assumed coverage on shares of Nintendo in a research note on Friday, May 2nd. They set a "buy" rating on the stock. Finally, Wedbush raised shares of Nintendo to a "strong-buy" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Nintendo Trading Up 7.3%

The company has a market cap of $117.10 billion, a price-to-earnings ratio of 53.67 and a beta of 0.64. The business has a fifty day moving average price of $21.68 and a two-hundred day moving average price of $19.40.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. Nintendo had a return on equity of 9.92% and a net margin of 19.61%. On average, analysts anticipate that Nintendo Co. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Nintendo

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in Nintendo by 16.4% during the first 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. Confluence Investment Management LLC raised its stake in Nintendo by 1.5% during the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after acquiring an additional 843 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Nintendo by 192.5% during 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 in the last quarter. Appleton Partners Inc. MA raised its stake in Nintendo by 1.5% during the first 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in Nintendo by 24.1% during the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after acquiring an additional 3,114 shares in the last quarter. Institutional investors own 0.02% of the company's stock.

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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