Light & Wonder, Inc. (NASDAQ:LNW) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,492,524 shares of the company's stock after purchasing an additional 100,527 shares during the period. Vanguard Group Inc. owned 9.62% of Light & Wonder worth $733,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Light & Wonder during the fourth quarter worth about $596,000. Inceptionr LLC acquired a new stake in Light & Wonder during the fourth quarter worth approximately $261,000. AXQ Capital LP grew its stake in Light & Wonder by 94.6% in 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 shares of Light & Wonder by 29.2% during 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 during the period. Finally, Main Management ETF Advisors LLC purchased a new position in shares of Light & Wonder during the 3rd quarter worth $774,000. Hedge funds and other institutional investors own 88.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LNW shares. Benchmark upped their target price on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Macquarie raised their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.91.

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Light & Wonder Stock Up 1.5 %

NASDAQ LNW traded up $1.26 during trading hours on Tuesday, hitting $87.87. The company had a trading volume of 884,182 shares, compared to its average volume of 736,144. The firm's 50 day moving average is $98.34 and its 200 day moving average is $95.32. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 0.35 and a beta of 1.59.

Insiders Place Their Bets

In related news, VP James Sottile sold 2,356 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the transaction, the vice president now owns 77,331 shares in the company, valued at approximately $8,161,513.74. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Oliver Chow sold 2,595 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $104.94, for a total value of $272,319.30. Following the sale, the chief financial officer now owns 3,695 shares of the company's stock, valued at approximately $387,753.30. This trade represents 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 worth $1,037,884 in the last 90 days. 2.10% of the stock is owned by company insiders.

Light & Wonder Profile

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.