Light & Wonder, Inc. (NASDAQ:LNW) VP James Sottile Sells 2,356 Shares of Stock

Light & Wonder, Inc. (NASDAQ:LNW) VP James Sottile sold 2,356 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction of $248,652.24. Following the transaction, the vice president now owns 77,331 shares of the company’s stock, valued at approximately $8,161,513.74. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Light & Wonder Trading Up 1.0 %

Shares of LNW opened at $105.10 on Friday. The stock has a market capitalization of $8.88 billion, a P/E ratio of 32.64, a PEG ratio of 0.35 and a beta of 1.59. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The firm has a fifty day simple moving average of $93.22 and a two-hundred day simple moving average of $96.37. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Macquarie upped their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Jefferies Financial Group lifted their price objective 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. Benchmark boosted their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Light & Wonder currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Light & Wonder during the 3rd quarter valued at about $420,000. QRG Capital Management Inc. boosted its holdings in shares of Light & Wonder by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 10,646 shares of the company’s stock valued at $966,000 after acquiring an additional 600 shares during the last quarter. M&G PLC boosted its holdings in shares of Light & Wonder by 2.9% during the 3rd quarter. M&G PLC now owns 119,896 shares of the company’s stock valued at $10,911,000 after acquiring an additional 3,412 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Light & Wonder during the 3rd quarter valued at about $29,000. Finally, XY Capital Ltd boosted its holdings in shares of Light & Wonder by 200.2% in the third quarter. XY Capital Ltd now owns 35,170 shares of the company’s stock worth $3,191,000 after buying an additional 23,456 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.

About Light & Wonder

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.