Light & Wonder (NASDAQ:LNW) Price Target Raised to $125.00

Light & Wonder (NASDAQ:LNW) had its price objective lifted by Macquarie from $122.00 to $125.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently weighed in on LNW. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group increased their target price on 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 increased their target price on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Light & Wonder Stock Up 0.8 %

Shares of NASDAQ:LNW opened at $111.48 on Wednesday. The stock’s fifty day simple moving average is $91.55 and its 200-day simple moving average is $96.26. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a market capitalization of $9.84 billion, a P/E ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49.

Institutional Investors Weigh In On Light & Wonder

Several hedge funds have recently modified their holdings of the stock. Burgundy Asset Management Ltd. raised its holdings in shares of Light & Wonder by 2.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock valued at $127,198,000 after buying an additional 28,358 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Light & Wonder by 13.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company’s stock valued at $20,335,000 after buying an additional 28,560 shares during the period. Royal Bank of Canada raised its holdings in shares of Light & Wonder by 1,752.9% during the 4th quarter. Royal Bank of Canada now owns 157,073 shares of the company’s stock valued at $13,568,000 after buying an additional 148,596 shares during the period. ProShare Advisors LLC raised its holdings in shares of Light & Wonder by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock valued at $357,000 after buying an additional 263 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in shares of Light & Wonder by 16.5% during the 4th quarter. Nomura Holdings Inc. now owns 31,022 shares of the company’s stock valued at $2,680,000 after buying an additional 4,391 shares during the period. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

About Light & Wonder

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.