Natixis decreased its holdings in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 55.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,966 shares of the company's stock after selling 120,907 shares during the quarter. Natixis owned 0.11% of Light & Wonder worth $8,549,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its stake in Light & Wonder by 539.6% in the 3rd quarter. Barclays PLC now owns 155,852 shares of the company's stock valued at $14,142,000 after buying an additional 131,486 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Light & Wonder in the 3rd quarter worth about $222,000. Tidal Investments LLC lifted its holdings in Light & Wonder by 18.0% during the 3rd quarter. Tidal Investments LLC now owns 8,038 shares of the company's stock valued at $729,000 after purchasing an additional 1,226 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Light & Wonder by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company's stock valued at $1,888,000 after buying an additional 458 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.
Insider Activity
In related news, VP James Sottile sold 2,356 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the sale, the vice president now owns 77,331 shares in the company, valued at $8,161,513.74. This represents a 2.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Oliver Chow sold 2,595 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the sale, the chief financial officer now directly owns 3,695 shares in the company, valued at $387,753.30. The trade was a 41.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock valued at $1,037,884 in the last ninety days. 2.10% of the stock is owned by insiders.
Light & Wonder Trading Up 2.6 %
NASDAQ LNW traded up $2.06 on Wednesday, reaching $82.42. The company had a trading volume of 827,407 shares, compared to its average volume of 771,810. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 52 week low of $75.46 and a 52 week high of $115.00. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 0.35 and a beta of 1.38. The stock's 50 day moving average is $94.92 and its 200-day moving average is $93.09.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on LNW shares. JPMorgan Chase & Co. lifted their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Macquarie increased their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Citigroup upgraded shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Truist Financial decreased their price target on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Light & Wonder presently has an average rating of "Moderate Buy" and a consensus target price of $108.64.
View Our Latest Report on Light & Wonder
Light & Wonder Company 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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