Light & Wonder (NASDAQ:LNW - Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $103.00 to $110.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 1.33% from the company's current price.
LNW has been the subject of several other reports. Jefferies Financial Group raised their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and issued a $114.00 price objective on shares of Light & Wonder in a research note on Wednesday, February 19th. Macquarie raised their price target on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price target on Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a research report on Wednesday, February 19th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.
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Light & Wonder Price Performance
NASDAQ LNW traded up $0.83 during mid-day trading on Wednesday, hitting $111.48. The stock had a trading volume of 1,024,249 shares, compared to its average volume of 742,560. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72. The company has a 50 day simple moving average of $91.55 and a 200 day simple moving average of $96.21. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Light & Wonder by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company's stock valued at $387,000 after acquiring an additional 108 shares during the last quarter. Xponance Inc. increased its position in shares of Light & Wonder by 0.7% during the fourth quarter. Xponance Inc. now owns 17,769 shares of the company's stock worth $1,535,000 after acquiring an additional 120 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company's stock worth $510,000 after acquiring an additional 146 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Light & Wonder by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company's stock valued at $3,477,000 after buying an additional 200 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Light & Wonder by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 4,131 shares of the company's stock valued at $357,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.
About Light & Wonder
(
Get 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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