Geode Capital Management LLC cut its holdings in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,589,760 shares of the company's stock after selling 11,905 shares during the period. Geode Capital Management LLC owned 1.80% of Light & Wonder worth $137,364,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Light & Wonder during the fourth quarter valued at about $596,000. Inceptionr LLC purchased a new position in Light & Wonder during the fourth quarter valued at approximately $261,000. AXQ Capital LP increased its holdings in Light & Wonder by 94.6% during the 4th 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 lifted its stake in Light & Wonder by 29.2% in the 4th 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 during the period. 88.08% of the stock is owned by institutional investors.
Insider Buying and Selling at Light & Wonder
In other news, CEO Siobhan Lane sold 3,784 shares of the firm's stock in a transaction that occurred 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 owns 21,254 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. This represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock worth $1,037,884 over the last three months. Company insiders own 2.10% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on LNW shares. Jefferies Financial Group upped their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark upped their target price on Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Mizuho boosted their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a report on Wednesday, February 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Light & Wonder has a consensus rating of "Moderate Buy" and an average target price of $109.91.
View Our Latest Stock Report on LNW
Light & Wonder Trading Down 0.1 %
Shares of Light & Wonder stock traded down $0.08 during trading on Friday, reaching $78.01. The company's stock had a trading volume of 1,358,905 shares, compared to its average volume of 764,010. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 0.35 and a beta of 1.38. The firm's 50-day moving average is $97.05 and its two-hundred day moving average is $93.71. Light & Wonder, Inc. has a 52-week low of $75.46 and a 52-week high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.
About Light & Wonder
(
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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