Light & Wonder, Inc. (NASDAQ:LNW) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 725,637 shares of the company's stock after purchasing an additional 33,684 shares during the period. Dimensional Fund Advisors LP owned approximately 0.82% of Light & Wonder worth $62,677,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Commerce Bank increased its holdings in Light & Wonder by 9.9% during the fourth quarter. Commerce Bank now owns 33,405 shares of the company's stock valued at $2,886,000 after buying an additional 3,009 shares during the last quarter. Farringdon Capital Ltd. bought a new position in Light & Wonder in the 4th quarter worth $230,000. Barclays PLC lifted its position in Light & Wonder by 4.4% during the fourth quarter. Barclays PLC now owns 162,770 shares of the company's stock valued at $14,061,000 after purchasing an additional 6,918 shares in the last quarter. Optimize Financial Inc purchased a new position in Light & Wonder during the fourth quarter valued at $435,000. Finally, Bessemer Group Inc. grew its holdings in Light & Wonder by 17.8% during the fourth quarter. Bessemer Group Inc. now owns 372,809 shares of the company's stock valued at $32,203,000 after purchasing an additional 56,378 shares during the period. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Stock Up 0.8 %

NASDAQ:LNW traded up $0.77 during trading hours on Wednesday, reaching $94.64. The company's stock had a trading volume of 70,774 shares, compared to its average volume of 794,889. The company has a market capitalization of $8.03 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 0.35 and a beta of 1.30. 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 12 month low of $75.46 and a 12 month high of $115.00. The stock has a 50 day moving average price of $92.07 and a two-hundred day moving average price of $92.63.

Wall Street Analyst Weigh In

LNW has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Truist Financial reduced their price objective on Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Benchmark boosted their target price on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.64.

Insider Buying and Selling at Light & Wonder

In other Light & Wonder news, VP James Sottile sold 2,356 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the transaction, the vice president now directly owns 77,331 shares of the company's stock, valued at approximately $8,161,513.74. This trade represents a 2.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock worth $1,037,884 over the last quarter. Insiders own 2.10% of the company's stock.

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.