US Bancorp DE Sells 1,782 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

US Bancorp DE lowered its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 64.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 981 shares of the company’s stock after selling 1,782 shares during the period. US Bancorp DE’s holdings in Light & Wonder were worth $85,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp lifted its position in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after purchasing an additional 56,890 shares during the last quarter. FMR LLC raised its holdings in Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after buying an additional 324,088 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Light & Wonder during the 3rd quarter valued at $25,277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Light & Wonder by 1.5% in the 3rd 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 acquiring an additional 2,972 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Light & Wonder by 539.6% in the third quarter. Barclays PLC now owns 155,852 shares of the company’s stock valued at $14,142,000 after acquiring an additional 131,486 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Insider Buying and Selling at Light & Wonder

In other news, CFO Oliver Chow sold 2,595 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the completion of the transaction, the chief financial officer now owns 3,695 shares in the company, valued at $387,753.30. The trade was a 41.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. 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. 2.10% of the stock is owned by insiders.

Light & Wonder Stock Performance

Shares of LNW opened at $104.71 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The stock has a market cap of $8.84 billion, a P/E ratio of 32.52, a P/E/G ratio of 0.35 and a beta of 1.59. The business’s 50 day moving average price is $95.63 and its 200-day moving average price is $95.99. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Stifel Nicolaus upped their target price on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group upped their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Benchmark lifted their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Light & Wonder presently has an average rating of “Moderate Buy” and an average target price of $110.91.

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.