Barclays PLC Has $14.06 Million Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

Barclays PLC grew its position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,770 shares of the company's stock after buying an additional 6,918 shares during the period. Barclays PLC owned approximately 0.18% of Light & Wonder worth $14,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Light & Wonder by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company's stock worth $733,584,000 after acquiring an additional 100,527 shares during the period. Norges Bank bought a new position in shares of Light & Wonder in the fourth quarter worth $91,683,000. Invesco Ltd. increased its position in shares of Light & Wonder by 37.0% in the fourth quarter. Invesco Ltd. now owns 587,809 shares of the company's stock worth $50,775,000 after purchasing an additional 158,790 shares during the period. Bessemer Group Inc. raised its stake in Light & Wonder by 17.8% in the fourth quarter. Bessemer Group Inc. now owns 372,809 shares of the company's stock valued at $32,203,000 after purchasing an additional 56,378 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Light & Wonder by 45.5% during the fourth quarter. Clearbridge Investments LLC now owns 288,052 shares of the company's stock worth $24,882,000 after purchasing an additional 90,117 shares during the period. Institutional investors and hedge funds own 88.08% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNW. Benchmark boosted their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Macquarie upped their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Truist Financial reduced their target price on Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Mizuho raised their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.64.

Light & Wonder Trading Up 2.6 %

Shares of NASDAQ:LNW traded up $2.06 during mid-day trading on Wednesday, reaching $82.42. 827,407 shares of the company's stock were exchanged, compared to its average volume of 772,348. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 0.35 and a beta of 1.38. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00. The business's fifty day moving average price is $95.21 and its 200-day moving average price is $93.16. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Insiders Place Their Bets

In related news, CFO Oliver Chow sold 2,595 shares of Light & Wonder stock in a transaction on 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 owns 3,695 shares of the company's stock, valued at $387,753.30. This trade represents a 41.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the transaction, the chief accounting officer now directly owns 5,016 shares of the company's stock, valued at approximately $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is currently owned by company insiders.

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.