Baillie Gifford & Co. Has $807.07 Million Stake in Ryanair Holdings PLC (NASDAQ:RYAAY)

Key Points

• Baillie Gifford & Co. has reduced its stake in Ryanair Holdings PLC by 12.4%, owning 19,048,110 shares valued at approximately $807 million as of its latest SEC filing.
• Ryanair reported a significant earnings beat for the last quarter, with $1.74 earnings per share against an expected $1.49, and a revenue of $5.07 billion compared to the anticipated $4.16 billion.
• Several analysts have increased their price targets for Ryanair, with a consensus target price now set at $111.50, reflecting a generally positive outlook on the stock.

Baillie Gifford & Co. decreased its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,048,110 shares of the transportation company's stock after selling 2,703,972 shares during the quarter. Baillie Gifford & Co. owned 3.58% of Ryanair worth $807,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its position in shares of Ryanair by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,359 shares of the transportation company's stock worth $495,000 after purchasing an additional 821 shares during the period. Virtu Financial LLC raised its position in shares of Ryanair by 65.8% during the fourth quarter. Virtu Financial LLC now owns 10,083 shares of the transportation company's stock worth $439,000 after purchasing an additional 4,003 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Ryanair during the fourth quarter worth about $462,000. Signature Estate & Investment Advisors LLC raised its position in shares of Ryanair by 16.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,695 shares of the transportation company's stock worth $248,000 after purchasing an additional 797 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ryanair during the fourth quarter worth about $39,816,000. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $62.62 on Friday. The stock has a fifty day moving average price of $56.88 and a 200-day moving average price of $49.62. The company has a market cap of $33.23 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 0.66. Ryanair Holdings PLC has a fifty-two week low of $38.30 and a fifty-two week high of $62.95.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. As a group, equities analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 target price (up previously from $70.00) on shares of Ryanair in a research report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $111.50.

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.

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