FMR LLC cut its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,429,172 shares of the company's stock after selling 22,880 shares during the quarter. FMR LLC owned approximately 1.62% of Light & Wonder worth $123,452,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Light & Wonder during the 4th quarter worth approximately $596,000. Inceptionr LLC acquired a new stake in shares of Light & Wonder in the 4th quarter worth $261,000. AXQ Capital LP increased its stake in shares of Light & Wonder by 94.6% during the fourth quarter. AXQ Capital LP now owns 7,198 shares of the company's stock worth $622,000 after acquiring an additional 3,500 shares during the period. Teacher Retirement System of Texas raised its holdings in Light & Wonder by 29.2% during the fourth quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company's stock worth $2,065,000 after purchasing an additional 5,397 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Light & Wonder by 107.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,528 shares of the company's stock valued at $1,756,000 after purchasing an additional 10,647 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.
Light & Wonder Stock Up 2.0 %
Shares of LNW traded up $1.60 during midday trading on Friday, reaching $79.96. 773,992 shares of the company were exchanged, compared to its average volume of 770,195. Light & Wonder, Inc. has a 1-year low of $75.46 and a 1-year high of $115.00. The stock has a 50-day moving average price of $95.90 and a 200-day moving average price of $93.29. 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 company has a market cap of $6.75 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 0.35 and a beta of 1.38.
Insider Buying and Selling
In other news, CAO Vanja Kalabic sold 1,132 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Oliver Chow sold 2,595 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the completion of the transaction, the chief financial officer now owns 3,695 shares in the company, valued at approximately $387,753.30. This trade represents a 41.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,867 shares of company stock valued at $1,037,884. Corporate insiders own 2.10% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on LNW shares. Stifel Nicolaus decreased their price objective on shares of Light & Wonder from $104.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Macquarie lifted 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. Benchmark upped their target price on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 28th. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Light & Wonder currently has a consensus rating of "Moderate Buy" and an average target price of $109.91.
Get Our Latest Research Report on LNW
Light & Wonder Company Profile
(
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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