Light & Wonder, Inc. (NASDAQ:LNW) Stock Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 32.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,158 shares of the company’s stock after purchasing an additional 94,854 shares during the period. D. E. Shaw & Co. Inc. owned 0.44% of Light & Wonder worth $33,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in Light & Wonder by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock valued at $387,000 after buying an additional 108 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Light & Wonder by 0.7% in the fourth quarter. Xponance Inc. now owns 17,769 shares of the company’s stock valued at $1,535,000 after acquiring an additional 120 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock valued at $510,000 after acquiring an additional 146 shares during the period. New York State Common Retirement Fund raised its holdings in Light & Wonder by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock worth $3,477,000 after purchasing an additional 200 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Light & Wonder by 12.2% in 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.

Wall Street Analysts Forecast Growth

LNW has been the topic of a number of research reports. Mizuho boosted their price objective on Light & Wonder from $80.00 to $84.00 and gave the stock an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a 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 stock a “buy” rating in a research note on Wednesday, January 15th. Macquarie reduced their target price on shares of Light & Wonder from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Benchmark upped their price target on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Light & Wonder presently has a consensus rating of “Moderate Buy” and an average price target of $109.55.

Light & Wonder Stock Up 1.5 %

NASDAQ:LNW opened at $81.74 on Friday. The business’s fifty day moving average price is $90.64 and its 200 day moving average price is $92.49. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 0.35 and a beta of 1.30. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 1-year low of $75.46 and a 1-year high of $115.00.

Light & Wonder (NASDAQ:LNW) last issued its earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $802.93 million. During the same quarter in the prior year, the company earned $0.88 EPS. Light & Wonder’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Oliver Chow sold 2,595 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $104.94, for a total transaction of $272,319.30. Following the transaction, the chief financial officer now owns 3,695 shares of the company’s stock, valued at approximately $387,753.30. This trade represents a 41.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the sale, the vice president now owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock worth $1,037,884 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Light & Wonder 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.