Zacks Investment Research Lowers NINTENDO Ltd/ADR (NTDOY) to Strong Sell

Zacks Investment Research cut shares of NINTENDO Ltd/ADR (OTCMKTS:NTDOY) from a hold rating to a strong sell rating in a research note issued to investors on Friday morning.

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 Pokémon. 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. “

Separately, Goldman Sachs Group upgraded shares of NINTENDO Ltd/ADR from a neutral rating to a buy rating in a research note on Monday, July 16th.

OTCMKTS:NTDOY opened at $38.71 on Friday. NINTENDO Ltd/ADR has a 12 month low of $36.76 and a 12 month high of $58.45. The stock has a market capitalization of $37.71 billion, a PE ratio of 29.33 and a beta of 1.13.

Several institutional investors have recently modified their holdings of NTDOY. Confluence Investment Management LLC bought a new position in shares of NINTENDO Ltd/ADR in the 2nd quarter worth about $1,003,000. Boston Advisors LLC increased its stake in NINTENDO Ltd/ADR by 66.8% during the 2nd quarter. Boston Advisors LLC now owns 21,399 shares of the company’s stock valued at $873,000 after purchasing an additional 8,570 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in NINTENDO Ltd/ADR by 303.4% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 596,337 shares of the company’s stock valued at $24,362,000 after purchasing an additional 448,516 shares in the last quarter. Hartline Investment Corp increased its stake in NINTENDO Ltd/ADR by 10.0% during the 2nd quarter. Hartline Investment Corp now owns 51,271 shares of the company’s stock valued at $2,091,000 after purchasing an additional 4,648 shares in the last quarter. Finally, Boston Common Asset Management LLC bought a new stake in NINTENDO Ltd/ADR during the 3rd quarter valued at about $763,000. Institutional investors own 0.15% of the company’s stock.

NINTENDO Ltd/ADR Company Profile

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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