NINTENDO LTD/ADR (OTCMKTS:NTDOY) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pok√©mon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “

A number of other research firms also recently commented on NTDOY. ValuEngine downgraded NINTENDO LTD/ADR from a hold rating to a sell rating in a report on Friday, November 1st. Morgan Stanley reiterated a buy rating on shares of NINTENDO LTD/ADR in a report on Monday, September 30th. Finally, Wedbush upgraded NINTENDO LTD/ADR from a neutral rating to an outperform rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $56.00.

NINTENDO LTD/ADR stock traded down $0.19 on Wednesday, reaching $47.97. The company’s stock had a trading volume of 63,277 shares, compared to its average volume of 412,604. The business’s fifty day moving average price is $46.44 and its 200 day moving average price is $45.76. The company has a market cap of $47.03 billion, a price-to-earnings ratio of 25.52 and a beta of 0.96. NINTENDO LTD/ADR has a twelve month low of $31.38 and a twelve month high of $49.90.

Several institutional investors have recently made changes to their positions in NTDOY. Confluence Investment Management LLC boosted its position in shares of NINTENDO LTD/ADR by 3.7% during the second quarter. Confluence Investment Management LLC now owns 19,221 shares of the company’s stock worth $880,000 after buying an additional 691 shares during the period. Quadrant Capital Group LLC boosted its position in shares of NINTENDO LTD/ADR by 4.4% during the second quarter. Quadrant Capital Group LLC now owns 14,984 shares of the company’s stock worth $675,000 after buying an additional 632 shares during the period. Bartlett & Co. LLC acquired a new position in shares of NINTENDO LTD/ADR during the second quarter worth about $67,000. Boston Common Asset Management LLC boosted its position in shares of NINTENDO LTD/ADR by 7.1% during the second quarter. Boston Common Asset Management LLC now owns 27,157 shares of the company’s stock worth $1,244,000 after buying an additional 1,792 shares during the period. Finally, Hartwell J M Limited Partnership boosted its position in shares of NINTENDO LTD/ADR by 8.8% during the second quarter. Hartwell J M Limited Partnership now owns 18,500 shares of the company’s stock worth $847,000 after buying an additional 1,500 shares during the period. Institutional investors own 0.13% of the company’s stock.

About NINTENDO LTD/ADR

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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