Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 181,067 shares of the company's stock after selling 102,892 shares during the period. JPMorgan Chase & Co. owned 0.21% of Light & Wonder worth $15,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in Light & Wonder in the third quarter valued at approximately $261,000. Public Employees Retirement System of Ohio lifted its stake in shares of Light & Wonder by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,960 shares of the company's stock valued at $3,263,000 after purchasing an additional 804 shares during the last quarter. Barclays PLC increased its position in shares of Light & Wonder by 539.6% during the 3rd quarter. Barclays PLC now owns 155,852 shares of the company's stock worth $14,142,000 after purchasing an additional 131,486 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Light & Wonder in the 3rd quarter valued at about $104,000. Finally, Sanctuary Advisors LLC acquired a new position in Light & Wonder in the third quarter valued at about $222,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Light & Wonder

In other Light & Wonder news, CEO Siobhan Lane sold 3,784 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.37, for a total transaction of $398,720.08. Following the transaction, the chief executive officer now owns 21,254 shares of the company's stock, valued at approximately $2,239,533.98. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,867 shares of company stock valued at $1,037,884. Corporate insiders own 2.10% of the company's stock.

Light & Wonder Stock Up 3.0 %

Light & Wonder stock traded up $2.37 during midday trading on Thursday, reaching $80.73. The company's stock had a trading volume of 154,108 shares, compared to its average volume of 814,796. The business has a 50-day simple moving average of $96.54 and a 200-day simple moving average of $93.42. The company has a market cap of $6.82 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.35 and a beta of 1.38. Light & Wonder, Inc. has a fifty-two week low of $75.46 and a fifty-two week high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Light & Wonder from $104.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. upped their price target on Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Mizuho lifted their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research note on Wednesday, February 26th. Benchmark increased their target price on Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group raised their target price on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.91.

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.