Baillie Gifford & Co. Purchases 15,008,023 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Baillie Gifford & Co. raised its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 175.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,548,902 shares of the transportation company's stock after buying an additional 15,008,023 shares during the period. Baillie Gifford & Co. owned about 4.30% of Ryanair worth $1,063,939,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RYAAY. BNP Paribas Financial Markets boosted its holdings in Ryanair by 231.0% in the 1st quarter. BNP Paribas Financial Markets now owns 4,713 shares of the transportation company's stock valued at $686,000 after purchasing an additional 3,289 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings 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 valued at $1,292,000 after buying an additional 232 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Ryanair by 5.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,904 shares of the transportation company's stock worth $860,000 after purchasing an additional 307 shares during the period. Headlands Technologies LLC acquired a new stake in Ryanair during the 1st quarter worth $224,000. Finally, QRG Capital Management Inc. boosted its stake in Ryanair by 6.7% during the 1st quarter. QRG Capital Management Inc. now owns 39,981 shares of the transportation company's stock worth $5,821,000 after purchasing an additional 2,495 shares during the period. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Citigroup raised shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 2nd. Barclays upgraded shares of Ryanair from an "equal weight" rating to an "overweight" rating in a report on Friday, October 25th. Sanford C. Bernstein dropped their price objective on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.67.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded down $1.12 during trading hours on Tuesday, reaching $45.23. The stock had a trading volume of 992,970 shares, compared to its average volume of 1,618,053. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.93. The business's fifty day moving average is $70.28 and its two-hundred day moving average is $99.88. Ryanair Holdings plc has a twelve month low of $36.96 and a twelve month high of $60.29. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 2.63 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter in the previous year, the company posted $2.88 EPS. As a group, research analysts expect that Ryanair Holdings plc will post 2.97 EPS for the current year.

About Ryanair

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.