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

Key Points

• Nintendo's shares opened at $20.80, gapping up from a previous close of $20.10, with a trading volume of 293,846 shares.
• Wedbush downgraded Nintendo's rating from "outperform" to "neutral", while the average analyst rating remains at "Buy".
• The company reported earnings matching estimates, generating $3.80 billion in revenue for the quarter, while its market cap stands at $108.57 billion.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $20.10, but opened at $20.80. Nintendo shares last traded at $20.84, with a volume of 293,846 shares changing hands.

Analysts Set New Price Targets

Separately, Wedbush cut shares of Nintendo from an "outperform" rating to a "neutral" rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Nintendo Stock Up 4.0%

The company's fifty day moving average is $22.45 and its 200-day moving average is $21.22. The company has a market cap of $108.57 billion, a PE ratio of 49.76 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Nintendo had a net margin of 19.61% and a return on equity of 9.77%. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $448.24 billion. Nintendo has set its FY 2026 guidance at 0.450-0.450 EPS. Equities research analysts expect that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC boosted its holdings in Nintendo by 16.3% in the third quarter. Confluence Investment Management LLC now owns 65,201 shares of the company's stock worth $1,391,000 after purchasing an additional 9,121 shares during the last quarter. GAMMA Investing LLC raised its position in Nintendo by 9.0% in the third quarter. GAMMA Investing LLC now owns 22,235 shares of the company's stock worth $474,000 after acquiring an additional 1,835 shares during the period. Impala Asset Management LLC bought a new position in Nintendo in the second quarter worth approximately $1,720,000. PNC Financial Services Group Inc. raised its position in Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company's stock worth $145,000 after acquiring an additional 724 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company's stock worth $59,000 after acquiring an additional 637 shares during the period. Hedge funds and other 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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