James Sottile Sells 2,356 Shares of Light & Wonder, Inc. (NASDAQ:LNW) Stock

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the sale, the vice president now owns 77,331 shares in the company, 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 accessible through the SEC website.

Light & Wonder Price Performance

Shares of LNW stock traded down $0.98 during trading hours on Tuesday, hitting $102.01. 416,894 shares of the company's stock were exchanged, compared to its average volume of 705,954. The company has a market capitalization of $8.62 billion, a PE ratio of 31.68, a PEG ratio of 0.35 and a beta of 1.59. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The business's 50 day simple moving average is $93.96 and its 200-day simple moving average is $96.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in Light & Wonder during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in shares of Light & Wonder during the third quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in Light & Wonder in the fourth quarter worth $35,000. Quarry LP purchased a new stake in shares of Light & Wonder in the 3rd quarter worth about $51,000. Finally, Blue Trust Inc. boosted its position in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after acquiring an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

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Analyst Ratings Changes

LNW has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Mizuho raised their price objective 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. 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 report on Friday, February 28th. Finally, Macquarie raised their price target on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four 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 stock has an average rating of "Moderate Buy" and a consensus price target of $110.83.

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.