1 week Ago By Defense World Staff
Prudential Financial Inc. reduced its position in Light & Wonder, Inc. (NASDAQ:LNW – Free Report) by 12.
6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,117 shares of the company’s stock after selling 594 shares during the quarter. Prudential Financial Inc.
’s holdings in Light & Wonder were worth $384,000 as of its most recent SEC filing. Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc.
lifted its holdings in Light & Wonder by 1.2% during the 4th quarter. Vanguard Group Inc.
now owns 8,492,524 shares of the company’s stock worth $733,584,000 after buying an additional 100,527 shares in the last quarter. State Street Corp boosted its holdings in Light & Wonder by 2.2% in the third quarter.
State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after purchasing an additional 56,890 shares during the period. Barclays PLC grew its stake in Light & Wonder by 539.6% during the 3rd quarter.
Barclays PLC now owns 155,852 shares of the company’s stock worth $14,142,000 after purchasing an additional 131,486 shares in the last quarter. Iridian Asset Management LLC CT grew its position in shares of Light & Wonder by 94.3% during the fourth quarter.
Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock worth $8,655,000 after buying an additional 48,621 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Light & Wonder by 393.
6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,554 shares of the company’s stock worth $3,589,000 after buying an additional 33,136 shares in the last quarter.
Institutional investors and hedge funds own 88.08% of the company’s stock. Light & Wonder Stock PerformanceShares of Light & Wonder stock opened at $83.
82 on Thursday. Light & Wonder, Inc. has a 12 month low of $75.
46 and a 12 month high of $115.00. 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 stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 0.
35 and a beta of 1.38. The firm’s fifty day simple moving average is $97.
37 and its 200-day simple moving average is $93.89. Insider ActivityIn other news, VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction dated Thursday, March 6th.
The shares were sold at an average price of $105.54, for a total value of $248,652.24.
Following the sale, the vice president now owns 77,331 shares of the company’s stock, valued at $8,161,513.74. The trade was a 2.
96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Siobhan Lane sold 3,784 shares of the firm’s stock in a transaction dated Thursday, March 6th.
The shares were sold at an average price of $105.37, for a total transaction of $398,720.08.
Following the completion of the sale, the chief executive officer now owns 21,254 shares of the company’s stock, valued at approximately $2,239,533.98. The trade was a 15.
11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,867 shares of company stock valued at $1,037,884.
Insiders own 2.10% of the company’s stock. Analysts Set New Price TargetsA number of research analysts recently issued reports on LNW shares.
JPMorgan Chase & Co. lifted 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. Benchmark increased 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. Jefferies Financial Group lifted their price target on Light & Wonder from $120.00 to $121.
00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Macquarie raised their target price on Light & Wonder from $122.00 to $125.
00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Mizuho upped their price target on Light & Wonder from $76.00 to $80.
00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. One equities 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 stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.91.Check Out Our Latest Stock Report on LNWLight & 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.Read MoreFive stocks we like better than Light & WonderHow to Invest in Biotech StocksQuantum Computing: The $6.
5 Billion Opportunity You Can’t IgnoreCompound Interest and Why It Matters When InvestingAre Tariffs Threatening Disney’s Comeback Story?Stock Trading Terms – Stock Terms Every Investor Needs to KnowIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding LNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Light & Wonder, Inc. (NASDAQ:LNW – Free Report).
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