Vanja Kalabic Sells 1,132 Shares of Light & Wonder, Inc. (NASDAQ:LNW) Stock

Light & Wonder, Inc. (NASDAQ:LNW) CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 5,016 shares of the company’s stock, valued at approximately $523,720.56. The trade was a 18.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Light & Wonder Price Performance

NASDAQ LNW opened at $105.10 on Friday. The company has a market capitalization of $8.88 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59. 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 fifty day moving average is $93.60 and its 200 day moving average is $96.29. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

Hedge Funds Weigh In On Light & Wonder

Several large investors have recently made changes to their positions in LNW. Norges Bank purchased a new position in shares of Light & Wonder in the fourth quarter valued at about $91,683,000. Park West Asset Management LLC purchased a new position in shares of Light & Wonder in the fourth quarter valued at about $46,241,000. FMR LLC lifted its position in shares of Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after acquiring an additional 324,088 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Light & Wonder in the third quarter valued at about $25,277,000. Finally, Bank of Nova Scotia purchased a new position in shares of Light & Wonder in the fourth quarter valued at about $16,020,000. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Macquarie lifted their price objective on Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Jefferies Financial Group lifted their price objective on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Mizuho lifted their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Light & Wonder Company Profile

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.