Shares of Nintendo Co. (OTCMKTS:NTDOY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 5,683,091 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 3,277,424 shares.The stock last traded at $10.90 and had previously closed at $11.07.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Nintendo in a research note on Tuesday, April 14th. Benchmark restated a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Report on NTDOY
Nintendo Trading Down 3.6%
Nintendo (OTCMKTS:NTDOY – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Nintendo had a net margin of 18.33% and a return on equity of 13.74%. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. Analysts forecast that Nintendo Co. will post 0.53 earnings per share for the current year.
Institutional Investors Weigh In On Nintendo
Several institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Nintendo by 47.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. lifted its position in Nintendo by 11.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock worth $143,000 after buying an additional 1,023 shares during the last quarter. Appleton Partners Inc. MA boosted its stake in Nintendo by 27.9% during the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock worth $2,248,000 after buying an additional 35,581 shares during the period. DRW Securities LLC purchased a new position in Nintendo during the fourth quarter worth $295,000. Finally, AdvisorShares Investments LLC increased its position in Nintendo by 4.9% during the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after acquiring an additional 2,413 shares during the last quarter. 0.02% of the stock is owned by institutional investors.
About Nintendo
Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.
Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.
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