Amundi Sells 208 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Amundi decreased its position in Light & Wonder, Inc. (NASDAQ:LNW) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,365 shares of the company’s stock after selling 208 shares during the quarter. Amundi’s holdings in Light & Wonder were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LNW. Y Intercept Hong Kong Ltd purchased a new position in Light & Wonder in the 4th quarter worth approximately $596,000. Inceptionr LLC purchased a new position in Light & Wonder in the 4th quarter worth approximately $261,000. Algert Global LLC increased its stake in Light & Wonder by 118.5% in the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company’s stock worth $5,590,000 after purchasing an additional 33,410 shares during the period. Main Management ETF Advisors LLC purchased a new position in Light & Wonder in the 3rd quarter worth approximately $774,000. Finally, State Street Corp increased its stake in Light & Wonder by 2.2% in the 3rd 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 during the period. Institutional investors own 88.08% of the company’s stock.

Insider Activity

In other Light & Wonder news, 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 value of $118,192.12. Following the transaction, the chief accounting officer now owns 5,016 shares of the company’s stock, valued at approximately $523,720.56. This represents a 18.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Siobhan Lane sold 3,784 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the completion of the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at approximately $2,239,533.98. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock valued at $1,037,884 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Light & Wonder Trading Down 0.6 %

Shares of NASDAQ:LNW opened at $103.67 on Friday. The company has a market cap of $8.76 billion, a P/E ratio of 32.20, a PEG ratio of 0.35 and a beta of 1.59. 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 1 year low of $84.00 and a 1 year high of $115.00. The stock’s fifty day moving average price is $97.11 and its 200-day moving average price is $96.02.

Wall Street Analysts Forecast Growth

LNW has been the topic of several research analyst reports. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Benchmark boosted their target price on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Macquarie boosted their target price on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Jefferies Financial Group boosted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Mizuho upped their price target on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 26th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.91.

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.