Emerald Advisers LLC lessened its holdings in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 91.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,716 shares of the company's stock after selling 85,128 shares during the quarter. Emerald Advisers LLC's holdings in Light & Wonder were worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Light & Wonder in the third quarter valued at $25,277,000. Barclays PLC lifted its position in shares of Light & Wonder by 539.6% during the 3rd quarter. Barclays PLC now owns 155,852 shares of the company's stock valued at $14,142,000 after buying an additional 131,486 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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. Finally, State Street Corp raised its position in shares of Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company's stock valued at $240,582,000 after purchasing an additional 56,890 shares during the period. 88.08% of the stock is owned by hedge funds and other institutional investors.
Light & Wonder Price Performance
Shares of NASDAQ:LNW traded down $10.27 during trading on Friday, reaching $89.09. The company had a trading volume of 1,490,362 shares, compared to its average volume of 732,080. The company has a fifty day moving average of $98.48 and a two-hundred day moving average of $95.83. 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 capitalization of $7.53 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59. Light & Wonder, Inc. has a 12 month low of $84.00 and a 12 month high of $115.00.
Insider Activity at Light & Wonder
In other news, VP James Sottile sold 2,356 shares of the company'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 transaction, the vice president now directly owns 77,331 shares in the company, valued at approximately $8,161,513.74. This represents a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Siobhan Lane sold 3,784 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at approximately $2,239,533.98. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock valued at $1,037,884 over the last 90 days. 2.10% of the stock is owned by insiders.
Analysts Set New Price Targets
LNW has been the subject of a number of recent research reports. Citigroup upgraded shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Benchmark lifted their price target on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Macquarie increased their price objective on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Jefferies Financial Group lifted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Mizuho increased their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.91.
Check Out Our Latest Stock Report on LNW
Light & Wonder Company Profile
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Free Report)
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.
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