Fmr LLC Reduces Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

FMR LLC lessened its holdings in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,778,577 shares of the transportation company's stock after selling 956,069 shares during the quarter. FMR LLC owned 1.44% of Ryanair worth $339,068,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RYAAY. EverSource Wealth Advisors LLC raised its position in Ryanair by 32.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock worth $42,000 after buying an additional 236 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Ryanair by 8.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock valued at $147,000 after buying an additional 259 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of Ryanair by 2.3% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,584 shares of the transportation company's stock worth $505,000 after buying an additional 261 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Ryanair by 14.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,168 shares of the transportation company's stock worth $95,000 after acquiring an additional 268 shares during the period. Finally, Gallacher Capital Management LLC raised its position in Ryanair by 3.5% during the fourth quarter. Gallacher Capital Management LLC now owns 10,822 shares of the transportation company's stock valued at $472,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on RYAAY. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. StockNews.com lowered Ryanair from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $147.00.

Ryanair Price Performance

Shares of Ryanair stock traded up $0.66 during mid-day trading on Tuesday, reaching $45.15. 504,947 shares of the stock traded hands, compared to its average volume of 1,654,393. The stock has a market capitalization of $24.02 billion, a PE ratio of 13.85, a PEG ratio of 2.01 and a beta of 1.41. The business has a 50-day moving average of $45.28 and a 200 day moving average of $44.83. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $57.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. On average, analysts predict that Ryanair Holdings plc will post 3.09 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.