The Goldman Sachs Group Initiates Coverage on Nintendo (OTCMKTS:NTDOY)

Equities research analysts at The Goldman Sachs Group began coverage on shares of Nintendo (OTCMKTS:NTDOY) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Nintendo Stock Up 3.1 %

Nintendo stock opened at $18.57 on Tuesday. Nintendo has a 12 month low of $11.36 and a 12 month high of $19.47. The stock has a market cap of $96.47 billion, a price-to-earnings ratio of 41.27 and a beta of 0.39. The business has a 50 day moving average price of $17.46 and a two-hundred day moving average price of $15.12.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. On average, analysts expect that Nintendo will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co bought a new stake in shares of Nintendo in the 4th quarter valued at approximately $182,000. GAMMA Investing LLC boosted its stake in Nintendo by 53.4% in the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after buying an additional 4,509 shares in the last quarter. SVB Wealth LLC bought a new stake in Nintendo in the fourth quarter valued at $192,000. Fulton Bank N.A. acquired a new position in Nintendo during the fourth quarter worth $200,000. Finally, Sterling Capital Management LLC bought a new position in shares of Nintendo during the fourth quarter valued at $605,000. Institutional investors and hedge funds 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.