Light & Wonder, Inc. (NASDAQ:LNW) CEO Sells $398,720.08 in Stock

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) CEO Siobhan Lane sold 3,784 shares of the firm's stock in a transaction on 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 $2,239,533.98. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Light & Wonder Stock Down 1.0 %

Shares of NASDAQ LNW traded down $0.98 during trading hours on Tuesday, hitting $102.01. The stock had a trading volume of 416,894 shares, compared to its average volume of 705,954. The firm's 50-day moving average price is $93.96 and its two-hundred day moving average price is $96.17. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00. The company has a market capitalization of $8.62 billion, a P/E ratio of 31.68, a P/E/G ratio of 0.35 and a beta of 1.59. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. True Wealth Design LLC bought a new stake in Light & Wonder in the third quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of Light & Wonder during the 3rd quarter worth about $29,000. R Squared Ltd acquired a new position in shares of Light & Wonder during the 4th quarter valued at about $35,000. Quarry LP bought a new position in shares of Light & Wonder in the 3rd quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its stake in shares of Light & Wonder by 194.3% in 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. Institutional investors and hedge funds own 88.08% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Macquarie raised their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Mizuho boosted their target price on Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a report on Wednesday, February 26th. Stifel Nicolaus increased their price target on Light & Wonder from $90.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their price objective 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, four have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Light & Wonder has an average rating of "Moderate Buy" and a consensus target price 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.