Ryanair Holdings plc (NASDAQ:RYAAY) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 148.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,890 shares of the transportation company’s stock after purchasing an additional 37,586 shares during the quarter. AIA Group Ltd’s holdings in Ryanair were worth $2,841,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Gallacher Capital Management LLC boosted its position in Ryanair by 4.1% during the 2nd quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock worth $442,000 after acquiring an additional 150 shares during the period. Transcendent Capital Group LLC bought a new position in Ryanair in the 1st quarter valued at about $29,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Ryanair by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock valued at $2,939,000 after buying an additional 212 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after acquiring an additional 215 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Ryanair by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,876 shares of the transportation company’s stock worth $1,292,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RYAAY. Hsbc Global Res upgraded Ryanair to a “hold” rating in a research report on Friday, July 12th. Sanford C. Bernstein dropped their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.67.

Ryanair Price Performance

RYAAY stock opened at $47.30 on Friday. The firm has a 50-day moving average of $74.14 and a two-hundred day moving average of $102.14. The firm has a market capitalization of $25.88 billion, a PE ratio of 15.77, a P/E/G ratio of 2.58 and a beta of 1.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $60.29.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 20.01% and a net margin of 11.38%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the business posted $2.88 EPS. On average, analysts forecast that Ryanair Holdings plc will post 2.92 earnings per share for the current year.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.