Light & Wonder, Inc. (NASDAQ:LNW) Stock Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Light & Wonder, Inc. (NASDAQ:LNW) by 11.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,885 shares of the company’s stock after buying an additional 2,326 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Light & Wonder were worth $1,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in shares of Light & Wonder by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock worth $510,000 after acquiring an additional 146 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Light & Wonder by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock worth $3,477,000 after acquiring an additional 200 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Light & Wonder in the 3rd quarter worth $28,000. R Squared Ltd acquired a new position in shares of Light & Wonder in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Light & Wonder by 2.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock worth $1,888,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Insider Buying and Selling at Light & Wonder

In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction dated 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 owns 5,016 shares in the company, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP James Sottile sold 2,356 shares of the business’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 transaction, the vice president now owns 77,331 shares in the company, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock worth $1,037,884 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LNW. Macquarie lifted their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Mizuho lifted their target price on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. Jefferies Financial Group lifted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Benchmark lifted 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.91.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $104.71 on Tuesday. The business’s 50-day moving average price is $95.63 and its two-hundred day moving average price is $95.99. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a one year low of $84.00 and a one year high of $115.00. The company has a market capitalization of $8.84 billion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59.

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.