Eddie Joseph Wilson Sells 21,080 Shares of Ryanair (NASDAQ:RYAAY) Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $548,290.80. Following the transaction, the chief executive officer directly owned 132,526 shares of the company’s stock, valued at $3,447,001.26. The trade was a 13.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Price Performance

RYAAY stock traded up $0.53 during mid-day trading on Thursday, reaching $57.42. 1,660,166 shares of the company traded hands, compared to its average volume of 1,520,157. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.67. The company has a market capitalization of $29.90 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.25 and a beta of 1.13. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The company has a fifty day moving average price of $58.67 and a 200-day moving average price of $64.54.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.08 billion. As a group, analysts anticipate that Ryanair Holdings PLC will post 4.72 earnings per share for the current year.

Institutional Investors Weigh In On Ryanair

A number of institutional investors and hedge funds have recently bought and sold shares of RYAAY. CIBC Private Wealth Group LLC grew its position in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares in the last quarter. UMB Bank n.a. grew its position in Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on RYAAY. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, March 12th. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Finally, Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and an average price target of $75.67.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.