XY Capital Ltd Has $1.14 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

XY Capital Ltd decreased its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 62.6% during the 4th quarter, HoldingsChannel reports. The fund owned 13,146 shares of the company’s stock after selling 22,024 shares during the period. Light & Wonder comprises approximately 0.5% of XY Capital Ltd’s portfolio, making the stock its 18th biggest holding. XY Capital Ltd’s holdings in Light & Wonder were worth $1,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LNW. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Light & Wonder by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after purchasing an additional 281 shares in the last quarter. True Wealth Design LLC acquired a new stake in Light & Wonder during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder during the third quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in Light & Wonder during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Light & Wonder by 2.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Price Performance

Shares of LNW stock opened at $87.96 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12 month low of $83.91 and a 12 month high of $115.00. The stock has a 50-day moving average price of $88.97 and a 200 day moving average price of $96.27. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 0.30 and a beta of 1.72.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LNW shares. Benchmark reaffirmed a “buy” rating and set a $114.00 price objective on shares of Light & Wonder in a report on Monday, January 27th. Jefferies Financial Group boosted their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Truist Financial reduced their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Light & Wonder currently has an average rating of “Moderate Buy” and a consensus price target of $108.50.

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.