Xponance Inc. Has $1.54 Million Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Xponance Inc. lifted its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,769 shares of the company’s stock after acquiring an additional 120 shares during the quarter. Xponance Inc.’s holdings in Light & Wonder were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LNW. State Street Corp boosted its holdings in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after purchasing an additional 56,890 shares in the last quarter. FMR LLC boosted its holdings in Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock worth $131,745,000 after purchasing an additional 324,088 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Light & Wonder in the third quarter worth $25,277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Light & Wonder by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,851 shares of the company’s stock worth $18,768,000 after purchasing an additional 2,972 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Light & Wonder by 539.6% in the third quarter. Barclays PLC now owns 155,852 shares of the company’s stock worth $14,142,000 after purchasing an additional 131,486 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. Benchmark upped their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus upped their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. 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. Finally, Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One 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. According to MarketBeat, Light & Wonder currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.91.

Light & Wonder Stock Down 0.6 %

NASDAQ LNW opened at $103.67 on Friday. 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 firm has a 50-day simple moving average of $97.11 and a 200 day simple moving average of $95.93. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00. The stock has a market cap of $8.76 billion, a PE ratio of 32.20, a PEG ratio of 0.35 and a beta of 1.59.

Insider Activity at Light & Wonder

In related news, VP James Sottile sold 2,356 shares of the 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 of the company’s stock, valued at $8,161,513.74. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the transaction, the chief accounting officer now directly owns 5,016 shares of the company’s stock, valued at $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 90 days, insiders sold 9,867 shares of company stock worth $1,037,884. Company insiders own 2.10% of the company’s stock.

About Light & Wonder

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.