XTX Topco Ltd cut its holdings in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,776 shares of the company's stock after selling 8,593 shares during the quarter. XTX Topco Ltd's holdings in Light & Wonder were worth $931,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LNW. Barclays PLC boosted its position in Light & Wonder by 4.4% in the fourth quarter. Barclays PLC now owns 162,770 shares of the company's stock valued at $14,061,000 after buying an additional 6,918 shares during the last quarter. Optimize Financial Inc acquired a new stake in shares of Light & Wonder in the fourth quarter worth $435,000. Bessemer Group Inc. raised its holdings in shares of Light & Wonder by 17.8% during the fourth quarter. Bessemer Group Inc. now owns 372,809 shares of the company's stock worth $32,203,000 after purchasing an additional 56,378 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Light & Wonder in the fourth quarter valued at $16,020,000. Finally, Invesco Ltd. grew its position in Light & Wonder by 37.0% during the 4th quarter. Invesco Ltd. now owns 587,809 shares of the company's stock worth $50,775,000 after purchasing an additional 158,790 shares during the period. 88.08% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Macquarie upped their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Benchmark lifted their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 28th. Mizuho increased their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a report on Wednesday, February 26th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group increased 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Light & Wonder currently has an average rating of "Moderate Buy" and an average target price of $109.91.
Check Out Our Latest Research Report on LNW
Light & Wonder Price Performance
Shares of NASDAQ:LNW traded up $1.60 during midday trading on Friday, hitting $79.96. The company's stock had a trading volume of 773,992 shares, compared to its average volume of 770,936. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00. The company has a market cap of $6.75 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The business's 50 day simple moving average is $95.90 and its 200 day simple moving average is $93.33.
Insider Transactions at Light & Wonder
In other news, VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction of $248,652.24. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Vanja Kalabic sold 1,132 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at approximately $523,720.56. This represents a 18.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 in the last ninety days. Insiders own 2.10% of the company's stock.
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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