Light & Wonder, Inc. (NASDAQ:LNW) Holdings Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 235,411 shares of the company's stock after buying an additional 28,560 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Light & Wonder worth $20,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Light & Wonder by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company's stock valued at $733,584,000 after purchasing an additional 100,527 shares during the last quarter. Norges Bank purchased a new stake in shares of Light & Wonder in the fourth quarter worth about $91,683,000. Deutsche Bank AG increased its position in shares of Light & Wonder by 15.6% in the fourth quarter. Deutsche Bank AG now owns 887,492 shares of the company's stock worth $76,662,000 after purchasing an additional 119,616 shares during the last quarter. Northern Trust Corp increased its position in shares of Light & Wonder by 12.9% in the fourth quarter. Northern Trust Corp now owns 727,235 shares of the company's stock worth $62,819,000 after purchasing an additional 83,150 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Light & Wonder by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 725,637 shares of the company's stock valued at $62,677,000 after acquiring an additional 33,684 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of the firm's 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 directly owns 5,016 shares of the company's stock, valued at $523,720.56. This trade represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Siobhan Lane sold 3,784 shares of the firm's 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 $2,239,533.98. This trade represents a 15.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 in the last quarter. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

LNW has been the topic of a number of recent research reports. Macquarie reduced their price target on shares of Light & Wonder from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Benchmark cut their target price on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Stifel Nicolaus raised their target price on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Finally, Truist Financial cut their target price on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Light & Wonder has an average rating of "Moderate Buy" and an average target price of $106.82.

Light & Wonder Stock Down 0.2%

LNW traded down $0.17 on Friday, hitting $90.75. 1,010,368 shares of the company were exchanged, compared to its average volume of 823,031. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 0.35 and a beta of 1.30. 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 firm has a 50-day moving average price of $85.22 and a two-hundred day moving average price of $91.35. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00.

Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). The company had revenue of $774.00 million for the quarter, compared to analysts' expectations of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. On average, equities analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

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.