Light & Wonder, Inc. (NASDAQ:LNW) CAO Sells $118,192.12 in Stock

Light & Wonder, Inc. (NASDAQ:LNW) CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Light & Wonder Stock Up 1.0 %

LNW stock traded up $1.08 during midday trading on Friday, hitting $105.10. The company’s stock had a trading volume of 795,251 shares, compared to its average volume of 732,115. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The company’s fifty day moving average price is $93.22 and its 200 day moving average price is $96.37. 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. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00.

Institutional Investors Weigh In On Light & Wonder

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Light & Wonder in the third quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder in the third quarter valued at $29,000. R Squared Ltd bought a new position in shares of Light & Wonder in the 4th quarter valued at about $35,000. Quarry LP acquired a new position in shares of Light & Wonder during the 3rd quarter worth about $51,000. Finally, Blue Trust Inc. raised its holdings in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after purchasing an additional 474 shares during the period. Institutional investors own 88.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LNW shares. Mizuho lifted their target price on Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research note on Wednesday, February 26th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Benchmark raised their target price on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One investment 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. Based on data from MarketBeat, Light & Wonder currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

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.