Swiss National Bank Reduces Position in Light & Wonder, Inc. (NASDAQ:LNW)

Swiss National Bank lowered its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,500 shares of the company’s stock after selling 1,500 shares during the period. Swiss National Bank owned 0.20% of Light & Wonder worth $15,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its stake in Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after acquiring an additional 56,890 shares during the last quarter. FMR LLC increased its holdings in shares of Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Light & Wonder in the third quarter valued at about $25,277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Light & Wonder by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,851 shares of the company’s stock worth $18,768,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Light & Wonder by 539.6% during the third quarter. Barclays PLC now owns 155,852 shares of the company’s stock worth $14,142,000 after purchasing an additional 131,486 shares during the period. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP James Sottile sold 2,356 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the sale, the vice president now owns 77,331 shares of the company’s stock, valued at $8,161,513.74. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Oliver Chow sold 2,595 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $104.94, for a total transaction of $272,319.30. Following the completion of the transaction, the chief financial officer now directly owns 3,695 shares in the company, valued at $387,753.30. This represents a 41.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,867 shares of company stock worth $1,037,884. Company insiders own 2.10% of the company’s stock.

Light & Wonder Trading Up 1.0 %

Shares of LNW stock opened at $104.50 on Thursday. Light & Wonder, Inc. has a 1-year low of $84.00 and a 1-year high of $115.00. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 0.35 and a beta of 1.59. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $96.37 and a 200-day simple moving average of $96.00.

Analyst Ratings Changes

Several equities analysts recently weighed in on LNW shares. JPMorgan Chase & Co. raised their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group raised their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Mizuho upped their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Finally, Benchmark boosted their price objective on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.91.

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.