Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Rating)’s stock is going to split on the morning of Tuesday, October 4th. The 4-1 split was announced on Tuesday, October 4th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, October 4th.
Nintendo Stock Performance
Shares of NTDOY opened at $53.33 on Friday. The stock’s 50-day simple moving average is $53.67 and its 200 day simple moving average is $56.98. Nintendo has a 52-week low of $49.76 and a 52-week high of $68.25. The stock has a market capitalization of $55.41 billion, a price-to-earnings ratio of 11.64 and a beta of 0.56.
Nintendo (OTCMKTS:NTDOY – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.26. Nintendo had a return on equity of 25.41% and a net margin of 29.77%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $3.23 billion. On average, research analysts forecast that Nintendo will post 3.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NTDOY. CLSA reaffirmed a “sell” rating on shares of Nintendo in a report on Tuesday, May 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nintendo in a research report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $272.35.
Institutional Investors Weigh In On Nintendo
A number of large investors have recently made changes to their positions in the business. Gagnon Securities LLC lifted its stake in shares of Nintendo by 2.5% in the 1st quarter. Gagnon Securities LLC now owns 15,966 shares of the company’s stock valued at $1,014,000 after purchasing an additional 396 shares during the period. Pacer Advisors Inc. raised its stake in shares of Nintendo by 57.0% in the first quarter. Pacer Advisors Inc. now owns 92,512 shares of the company’s stock worth $5,820,000 after purchasing an additional 33,590 shares during the last quarter. Renaissance Group LLC raised its stake in shares of Nintendo by 1.4% in the first quarter. Renaissance Group LLC now owns 133,772 shares of the company’s stock worth $8,416,000 after purchasing an additional 1,870 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of Nintendo in the second quarter worth $244,000. Finally, Farmer Steven Patrick purchased a new position in shares of Nintendo in the second quarter worth $546,000. 0.08% of the stock is currently owned by institutional investors.
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 offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.
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