Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Light & Wonder, Inc. (NASDAQ:LNW) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 205,449 shares of the company’s stock after selling 2,055 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Light & Wonder worth $17,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after buying an additional 474 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Light & Wonder by 94.3% during the 4th quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock worth $8,655,000 after purchasing an additional 48,621 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Light & Wonder during the 4th quarter worth $35,000. KBC Group NV grew its stake in shares of Light & Wonder by 57.3% during the 4th quarter. KBC Group NV now owns 3,609 shares of the company’s stock worth $312,000 after purchasing an additional 1,315 shares during the period. Finally, Exchange Traded Concepts LLC increased 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 valued at $1,888,000 after purchasing an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder Price Performance

NASDAQ:LNW opened at $100.63 on Tuesday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. 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’s 50-day moving average is $89.86 and its two-hundred day moving average is $95.99.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Macquarie boosted their price objective on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and an average price target of $109.25.

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.