Ninety One UK Ltd lowered its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 749,354 shares of the company's stock after selling 128,579 shares during the quarter. Ninety One UK Ltd owned approximately 0.85% of Light & Wonder worth $64,729,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Light & Wonder during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in shares of Light & Wonder in the 3rd quarter valued at approximately $29,000. R Squared Ltd acquired a new position in shares of Light & Wonder in the fourth quarter valued at approximately $35,000. Quarry LP acquired a new position in shares of Light & Wonder in the third quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its stake in shares of Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
Light & Wonder Price Performance
Shares of NASDAQ:LNW traded down $0.18 during trading on Friday, hitting $87.96. 481,286 shares of the stock were exchanged, compared to its average volume of 580,281. Light & Wonder, Inc. has a 12-month low of $83.91 and a 12-month high of $115.00. The company has a market cap of $7.77 billion, a PE ratio of 27.32, a P/E/G ratio of 0.30 and a beta of 1.72. The company has a fifty day moving average price of $88.97 and a two-hundred day moving average price of $96.38. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $114.00 price objective on shares of Light & Wonder in a research report on Monday, January 27th. Truist Financial lowered their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.50.
View Our Latest Stock Report on LNW
Light & Wonder Profile
(
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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