Light & Wonder, Inc. (NASDAQ:LNW) CAO Vanja Kalabic Sells 1,132 Shares

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the transaction, the chief accounting officer now owns 5,016 shares in the company, valued at approximately $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Light & Wonder Stock Down 1.0 %

LNW stock traded down $0.98 during mid-day trading on Tuesday, reaching $102.01. 416,894 shares of the company traded hands, compared to its average volume of 705,954. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The firm's 50 day moving average price is $93.96 and its 200 day moving average price is $96.17. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 0.35 and a beta of 1.59. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. Stifel Nicolaus upped their price target on Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Benchmark upped their price objective on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Light & Wonder has an average rating of "Moderate Buy" and a consensus price target of $110.83.

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Hedge Funds Weigh In On Light & Wonder

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Light & Wonder in the fourth quarter worth $596,000. Algert Global LLC boosted its holdings in shares of Light & Wonder by 118.5% during the third quarter. Algert Global LLC now owns 61,606 shares of the company's stock worth $5,590,000 after purchasing an additional 33,410 shares during the period. Main Management ETF Advisors LLC purchased a new stake in Light & Wonder in the 3rd quarter worth approximately $774,000. GSA Capital Partners LLP bought a new position in Light & Wonder in the 3rd quarter worth $725,000. Finally, State Street Corp boosted its position in Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company's stock valued at $240,582,000 after acquiring an additional 56,890 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

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.