Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 87.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,165 shares of the company's stock after selling 73,381 shares during the period. Tudor Investment Corp ET AL's holdings in Light & Wonder were worth $878,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Light & Wonder in the 4th quarter valued at about $91,683,000. Bank of Nova Scotia acquired a new stake in shares of Light & Wonder in the 4th quarter valued at approximately $16,020,000. Invesco Ltd. boosted its holdings in shares of Light & Wonder by 37.0% during the 4th quarter. Invesco Ltd. now owns 587,809 shares of the company's stock worth $50,775,000 after buying an additional 158,790 shares during the period. National Bank of Canada FI bought a new position in shares of Light & Wonder in the fourth quarter worth $12,033,000. Finally, Barclays PLC boosted its holdings in shares of Light & Wonder by 539.6% in the 3rd quarter. Barclays PLC now owns 155,852 shares of the company's stock valued at $14,142,000 after purchasing an additional 131,486 shares in the last quarter. Institutional investors own 88.08% of the company's stock.

Light & Wonder Price Performance

Shares of Light & Wonder stock traded up $1.20 on Friday, hitting $81.74. 1,509,524 shares of the company were exchanged, compared to its average volume of 807,447. The company has a 50-day moving average price of $90.64 and a 200 day moving average price of $92.49. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 0.35 and a beta of 1.30. Light & Wonder, Inc. has a 1-year low of $75.46 and a 1-year 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 business had revenue of $774.00 million during 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 company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on shares of Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research note on Thursday. Benchmark upped 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. Truist Financial cut their price objective on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. 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 issued a strong buy rating to the company. According to MarketBeat.com, Light & Wonder has an average rating of "Moderate Buy" and an average price target of $109.55.

Insider Activity at Light & Wonder

In other news, CAO Vanja Kalabic sold 1,132 shares of the business'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 of the company's stock, valued at $523,720.56. The trade was a 18.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Siobhan Lane sold 3,784 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.37, for a total value of $398,720.08. Following the sale, the chief executive officer now owns 21,254 shares of the company's stock, valued at $2,239,533.98. The trade was a 15.11 % decrease in their position. 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 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

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.