Pictet Asset Management Holding SA Purchases 660 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Pictet Asset Management Holding SA boosted its position in shares of Light & Wonder, Inc. (NASDAQ:LNW – Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC.

The firm owned 12,000 shares of the company’s stock after purchasing an additional 660 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Light & Wonder were worth $1,037,000 as of its most recent SEC filing. Several other large investors have also recently bought and sold shares of the company.



New Age Alpha Advisors LLC acquired a new position in shares of Light & Wonder in the 4th quarter valued at $1,621,000. Norges Bank bought a new position in Light & Wonder during the fourth quarter worth about $91,683,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Light & Wonder by 2.

5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock valued at $387,000 after acquiring an additional 108 shares during the period. Vanguard Group Inc.

increased its holdings in shares of Light & Wonder by 1.2% in the fourth quarter. Vanguard Group Inc.

now owns 8,492,524 shares of the company’s stock worth $733,584,000 after acquiring an additional 100,527 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Light & Wonder by 12.2% during the fourth quarter.

LPL Financial LLC now owns 2,677 shares of the company’s stock worth $231,000 after purchasing an additional 291 shares during the period. Institutional investors own 88.08% of the company’s stock.

Insider Activity at Light & WonderIn related news, VP James Sottile sold 2,356 shares of the firm’s 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 completion of the sale, the vice president now directly owns 77,331 shares in the company, valued at approximately $8,161,513.74.

This trade represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Also, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.

12. Following the transaction, 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 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. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast GrowthLNW has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.

00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Mizuho upped their price target on shares of Light & Wonder from $76.00 to $80.

00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Light & Wonder from $103.

00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Benchmark upped their target price on shares of Light & Wonder from $114.

00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th.

One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and a consensus target price of $109.91.

Get Our Latest Stock Analysis on Light & WonderLight & Wonder Stock Down 5.0 %LNW stock opened at $79.78 on Monday.

Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.

00. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 24.

78, a P/E/G ratio of 0.35 and a beta of 1.38.

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 business has a 50 day moving average price of $98.14 and a two-hundred day moving average price of $94.

76. 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.

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