BNP Paribas Financial Markets Has $1.13 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

BNP Paribas Financial Markets boosted its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 108.6% in the third quarter, HoldingsChannel reports. The firm owned 12,434 shares of the company’s stock after acquiring an additional 6,472 shares during the period. BNP Paribas Financial Markets’ holdings in Light & Wonder were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC increased its stake in shares of Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after buying an additional 324,088 shares in the last quarter. Ninety One UK Ltd grew its holdings in Light & Wonder by 128.0% during the 2nd quarter. Ninety One UK Ltd now owns 910,298 shares of the company’s stock worth $95,472,000 after acquiring an additional 511,081 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Light & Wonder by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock valued at $84,215,000 after acquiring an additional 12,317 shares in the last quarter. Millennium Management LLC raised its stake in shares of Light & Wonder by 573.3% in the second quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock worth $60,761,000 after acquiring an additional 493,295 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Light & Wonder by 6.2% during the third quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock worth $39,396,000 after purchasing an additional 25,284 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Stock Performance

Shares of LNW stock opened at $94.33 on Tuesday. The stock has a market cap of $8.33 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. The stock has a 50-day moving average of $95.33 and a 200-day moving average of $100.21. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a one year low of $76.52 and a one year high of $115.00.

Analyst Ratings Changes

LNW has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Susquehanna lowered their target price on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Macquarie cut their price target on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. UBS Group upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, B. Riley initiated coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a “buy” rating and a $120.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.36.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.