Insider Selling: Light & Wonder, Inc. (NASDAQ:LNW) CFO Sells 2,595 Shares of Stock

Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) CFO Oliver Chow sold 2,595 shares of Light & Wonder stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $104.94, for a total transaction of $272,319.30. Following the transaction, the chief financial officer now owns 3,695 shares of the company's stock, valued at $387,753.30. This represents a 41.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Light & Wonder Stock Down 1.0 %

Shares of Light & Wonder stock traded down $0.98 on Tuesday, reaching $102.01. The stock had a trading volume of 416,894 shares, compared to its average volume of 705,954. Light & Wonder, Inc. has a 1 year low of $84.00 and a 1 year high of $115.00. The company has a 50 day moving average price of $93.96 and a 200 day moving average price of $96.17. 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 stock 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.

Institutional Trading of Light & Wonder

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Light & Wonder in the 3rd quarter worth $420,000. QRG Capital Management Inc. grew its stake in shares of Light & Wonder by 6.0% in the third quarter. QRG Capital Management Inc. now owns 10,646 shares of the company's stock worth $966,000 after acquiring an additional 600 shares in the last quarter. M&G PLC increased its holdings in Light & Wonder by 2.9% during the 3rd quarter. M&G PLC now owns 119,896 shares of the company's stock worth $10,911,000 after purchasing an additional 3,412 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Light & Wonder in the 3rd quarter valued at $29,000. Finally, XY Capital Ltd boosted its position in shares of Light & Wonder by 200.2% during the 3rd quarter. XY Capital Ltd now owns 35,170 shares of the company's stock worth $3,191,000 after acquiring an additional 23,456 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LNW shares. Citigroup upgraded Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, February 19th. Benchmark raised their target price on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Mizuho increased their target price on shares of Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Finally, Macquarie lifted their target price on Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. One equities 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, the stock has an average rating of "Moderate Buy" and an average target price of $110.83.

About Light & Wonder

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.