SVB Wealth LLC raised its stake in shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY – Free Report) by 32.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,692 shares of the company’s stock after buying an additional 3,344 shares during the quarter. SVB Wealth LLC’s holdings in Nintendo were worth $178,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. O Brien Greene & Co. Inc grew its holdings in Nintendo by 3.8% during the 3rd quarter. O Brien Greene & Co. Inc now owns 32,925 shares of the company’s stock valued at $341,000 after buying an additional 1,200 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of Nintendo during the fourth quarter worth about $158,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Nintendo by 189.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,554 shares of the company’s stock worth $57,000 after purchasing an additional 3,636 shares in the last quarter. Hedge funds and other institutional investors own 0.02% of the company’s stock.
Nintendo Stock Performance
Shares of NTDOY stock opened at $12.08 on Wednesday. Nintendo Co., Ltd. has a fifty-two week low of $10.03 and a fifty-two week high of $15.01. The stock has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $12.58. The company has a market capitalization of $62.75 billion, a P/E ratio of 16.11 and a beta of 0.39.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein raised Nintendo from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Nintendo has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Nintendo
Nintendo 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.
Read More
- Five stocks we like better than Nintendo
- Trading Halts Explained
- Charles Schwab Fortifies its Uptrend on EPS Beat
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Lockheed Martin Stock Aims for a Fresh All-Time High
- What is the S&P/TSX Index?
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Nintendo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nintendo and related companies with MarketBeat.com's FREE daily email newsletter.