Light & Wonder, Inc. (NASDAQ:LNW) Shares Bought by AXQ Capital LP

AXQ Capital LP grew its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 94.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,198 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. AXQ Capital LP’s holdings in Light & Wonder were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LNW. True Wealth Design LLC purchased a new position in Light & Wonder in the 3rd quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of Light & Wonder during the fourth quarter valued at approximately $35,000. Quarry LP acquired a new stake in Light & Wonder during the third quarter worth approximately $51,000. Blue Trust Inc. grew its stake in Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after acquiring an additional 474 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Light & Wonder in the 3rd quarter valued at $104,000. 88.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Light & Wonder

In other news, CAO Vanja Kalabic sold 1,132 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the transaction, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. This represents a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction of $248,652.24. Following the sale, the vice president now directly 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. In the last three months, insiders sold 9,867 shares of company stock worth $1,037,884. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LNW shares. Benchmark raised their price objective on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus raised their price target on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Mizuho raised their target price on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 26th. Finally, Macquarie upped their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Light & Wonder presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.91.

Light & Wonder Stock Performance

Shares of LNW stock opened at $103.67 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The company has a market cap of $8.76 billion, a PE ratio of 32.20, a P/E/G ratio of 0.35 and a beta of 1.59. The company’s fifty day simple moving average is $97.11 and its 200-day simple moving average is $95.93. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00.

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.