Should You Invest in Nintendo Co., Ltd. (NTDOY)?
Orbis Investment Management, an investment management company, released its "Orbis Global Equity Strategy" fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy returned 20.8% on a weighted-net basis (1) an attractive absolute return, but underperformed the MSCI World Index, which rose 23.8%. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Orbis Global Equity Strategy featured stocks like Nintendo Co., Ltd. (OTC:NTDOY) in the fourth quarter 2023 investor letter. Headquartered in Kyoto, Japan, Nintendo Co., Ltd. (OTC:NTDOY) develops, manufactures, and sells home entertainment products. On March 15, 2024, Nintendo Co., Ltd. (OTC:NTDOY) stock closed at $13.77 per share. One-month return of Nintendo Co., Ltd. (OTC:NTDOY) was -3.71%, and its shares gained 44.19% of their value over the last 52 weeks. Nintendo Co., Ltd. (OTC:NTDOY) has a market capitalization of $64.557 billion.
Orbis Global Equity Strategy stated the following regarding Nintendo Co., Ltd. (OTC:NTDOY) in its fourth quarter 2023 investor letter:
"We could effuse about the quality of Nintendo Co., Ltd. (OTC:NTDOY)’s innovation engine, and marvel at Mr Market’s willingness to extrapolate dominance for the Magnificent Seven while putting little value on Nintendo’s exceptional intellectual property."
A computer technician working on a video game console with a gaming headset.
Nintendo Co., Ltd. (OTC:NTDOY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Nintendo Co., Ltd. (OTC:NTDOY) was held by 1 hedge fund portfolios, compared to 1 in the previous quarter, according to our database. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
