Light & Wonder, Inc. (NASDAQ:LNW) CAO Sells $118,192.12 in Stock

Light & Wonder, Inc. (NASDAQ:LNW) Chief Accounting Officer, Vanja Kalabic, recently sold 1,132 shares of the company's stock on March 6. The shares were sold at an average price of $104.41, culminating in a total transaction value of $118,192.12. After this sale, Kalabic holds 5,016 shares of Light & Wonder, which are valued at approximately $523,720.56. This transaction signifies an 18.41% reduction in their total stock ownership. The details of the sale have been made public through a legal filing with the Securities and Exchange Commission (SEC), which can be accessed through a link provided in the official reports.

Light & Wonder Stock Performance

On the following day, trading on NASDAQ LNW showed an increase of $1.08, bringing the stock price to $105.10. The stock saw a trading volume of 795,251 shares, surpassing its average trading volume of 732,115 shares. Light & Wonder has experienced a range in its stock price over the past year, registering a low of $84.00 and a high of $115.00. The company's financial ratios indicate a quick ratio of 1.61 and a current ratio of 1.88, while it has a debt-to-equity ratio of 4.49. The firm’s fifty-day simple moving average is currently at $93.22, with a 200-day moving average of $96.37. Light & Wonder's market capitalization stands at $8.88 billion, with a price-to-earnings ratio of 32.64 and a P/E/G ratio of 0.35.

Changes in Institutional Holdings

Recent trends show several large investors buying and selling shares of Light & Wonder. True Wealth Design LLC acquired a new stake valued at about $28,000 in the third quarter, while Capital Performance Advisors LLP invested approximately $29,000 during the same period. R Squared Ltd entered a position worth approximately $35,000, and Quarry LP invested around $51,000. Blue Trust Inc. has increased its holdings in Light & Wonder by 194.3% in the fourth quarter, now owning 718 shares valued at $65,000 after purchasing an additional 474 shares. Currently, institutional investors own approximately 88.08% of the company’s stock.

Analyst Ratings and Price Predictions

Several research analysts have recently provided updates regarding Light & Wonder's stock. JPMorgan Chase & Co. raised its price target for the company from $103.00 to $110.00, assigning an "overweight" rating. Citigroup upgraded their rating from "neutral" to "buy", and Benchmark increased their price target from $114.00 to $130.00, stating a "buy" rating for the stock. Mizuho adjusted their target price down from $76.00 to $80.00 with an "underperform" rating. Meanwhile, Macquarie raised their target price from $122.00 to $125.00 with an "outperform" rating. Presently, Light & Wonder has a consensus rating categorized as a "Moderate Buy", with an average target price estimated at $110.83.

About Light & Wonder

Light & Wonder, Inc. is a global gaming company involved in the development of digital content and markets across various segments, including Gaming, SciPlay, and iGaming. The Gaming sector encompasses the design, manufacture, marketing, and distribution of a portfolio of gaming products and services.

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