Light & Wonder, Inc. (NASDAQ:LNW) CAO Vanja Kalabic Sells 1,132 Shares

Light & Wonder, Inc. (NASDAQ:LNW) CAO Vanja Kalabic sold 1,132 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now directly owns 5,016 shares of the company’s stock, valued at approximately $523,720.56. This trade represents a 18.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Light & Wonder Stock Performance

Shares of LNW stock opened at $105.10 on Monday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 0.35 and a beta of 1.59. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00. The firm’s 50-day simple moving average is $93.60 and its two-hundred day simple moving average is $96.20.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LNW shares. Jefferies Financial Group increased their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark increased their price objective 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. Macquarie increased their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus increased their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Institutional Trading of Light & Wonder

Several hedge funds have recently added to or reduced their stakes in LNW. True Wealth Design LLC bought a new stake in Light & Wonder in the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in shares of Light & Wonder in the third quarter worth about $29,000. R Squared Ltd purchased a new position in shares of Light & Wonder in the fourth quarter worth about $35,000. Quarry LP purchased a new position in shares of Light & Wonder in the third quarter worth about $51,000. Finally, Blue Trust Inc. increased 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 worth $65,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 88.08% 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.