Appleton Partners Inc. MA Sells 4,302 Shares of Nintendo Co. $NTDOY

Appleton Partners Inc. MA lessened its position in shares of Nintendo Co. (OTCMKTS:NTDOY) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,442 shares of the company’s stock after selling 4,302 shares during the period. Appleton Partners Inc. MA’s holdings in Nintendo were worth $3,037,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Nintendo by 2,029.9% in the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company’s stock valued at $4,735,000 after buying an additional 262,837 shares in the last quarter. Azimuth Capital Investment Management LLC acquired a new position in Nintendo in the first quarter valued at $8,323,000. PNC Financial Services Group Inc. raised its holdings in shares of Nintendo by 16.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $91,000 after purchasing an additional 749 shares during the period. Confluence Investment Management LLC increased its position in shares of Nintendo by 1.5% during the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company’s stock worth $1,347,000 after acquiring an additional 843 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Nintendo by 192.5% during the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush downgraded shares of Nintendo from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Nintendo Trading Down 0.1%

Shares of NTDOY stock opened at $21.46 on Monday. The stock has a market capitalization of $111.48 billion, a P/E ratio of 51.10 and a beta of 0.58. The firm’s 50 day moving average is $22.72 and its 200 day moving average is $21.11. Nintendo Co. has a 12 month low of $12.00 and a 12 month high of $24.92.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $448.24 billion. Nintendo had a net margin of 19.61% and a return on equity of 9.77%. Nintendo has set its FY 2026 guidance at 0.450-0.450 EPS. On average, equities analysts predict that Nintendo Co. will post 0.44 EPS for the current year.

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.