Insider Selling: Ryanair (NASDAQ:RYAAY) Insider Sells $365,518.53 in Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Juliusz Grzegorz Komorek sold 14,053 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the transaction, the insider directly owned 46,264 shares in the company, valued at $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Stock Performance

Shares of Ryanair stock opened at $59.62 on Friday. The firm’s fifty day simple moving average is $58.58 and its 200-day simple moving average is $64.50. The stock has a market capitalization of $31.05 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.44 and a beta of 1.13. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, May 18th. The transportation company reported ($0.86) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. As a group, equities analysts forecast that Ryanair Holdings PLC will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ryanair has an average rating of “Moderate Buy” and a consensus target price of $75.67.

More Ryanair News

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Multiple Ryanair insiders sold shares, but the company said the transactions were related to tax withholding on vested equity awards, suggesting the activity may be routine rather than a negative signal. CEO Andreas Gruber sale filing
• Neutral Sentiment: Ryanair also reported a mixed quarterly update: earnings per share beat estimates, but revenue came in below expectations, leaving investors with a balanced read on operating performance. Ryanair earnings and stock information
• Positive Sentiment: Analysts remain generally constructive on Ryanair Holdings PLC (NASDAQ: RYAAY), with several firms reiterating bullish ratings and an overall “Moderate Buy” consensus, which may be supporting the stock. Analyst ratings overview

Institutional Investors Weigh In On Ryanair

Several institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its position in shares of Ryanair by 33.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock worth $9,869,000 after buying an additional 41,065 shares in the last quarter. Capula Management Ltd purchased a new position in Ryanair in the 3rd quarter valued at about $1,235,000. Assetmark Inc. lifted its holdings in Ryanair by 151.0% in the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock valued at $25,672,000 after purchasing an additional 213,948 shares in the last quarter. US Bancorp DE lifted its holdings in Ryanair by 10,134.5% in the 3rd quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after purchasing an additional 34,660 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Ryanair by 192.8% in the 3rd quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock valued at $1,309,000 after purchasing an additional 14,316 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

About Ryanair

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.