Light & Wonder, Inc. (NASDAQ:LNW) VP Sells $248,652.24 in Stock

Light & Wonder, Inc. (NASDAQ:LNW) VP James Sottile sold 2,356 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the sale, the vice president now directly owns 77,331 shares of the company’s stock, valued at approximately $8,161,513.74. This represents a 2.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Light & Wonder Stock Up 1.0 %

Shares of LNW stock opened at $105.10 on Monday. The stock has a 50 day moving average of $93.60 and a 200 day moving average of $96.20. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The stock has a market cap of $8.88 billion, a P/E ratio of 32.64, a P/E/G ratio of 0.35 and a beta of 1.59. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LNW shares. Mizuho raised their price target on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Stifel Nicolaus lifted their target price on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Benchmark lifted their target price on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Macquarie lifted their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Burgundy Asset Management Ltd. raised its position in Light & Wonder by 2.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock valued at $127,198,000 after acquiring an additional 28,358 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Light & Wonder by 13.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company’s stock valued at $20,335,000 after buying an additional 28,560 shares in the last quarter. Royal Bank of Canada increased its position in shares of Light & Wonder by 1,752.9% in the fourth quarter. Royal Bank of Canada now owns 157,073 shares of the company’s stock valued at $13,568,000 after buying an additional 148,596 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Light & Wonder by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock valued at $357,000 after buying an additional 263 shares in the last quarter. Finally, Nomura Holdings Inc. increased its position in shares of Light & Wonder by 16.5% in the fourth quarter. Nomura Holdings Inc. now owns 31,022 shares of the company’s stock valued at $2,680,000 after buying an additional 4,391 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Company Profile

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.