Ryanair Holdings PLC (NASDAQ:RYAAY) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 66,090 shares of the transportation company's stock after selling 9,264 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Ryanair were worth $2,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RYAAY. Raymond James Financial Inc. purchased a new stake in shares of Ryanair during the 4th quarter valued at about $18,445,000. Farther Finance Advisors LLC raised its position in shares of Ryanair by 1,190.3% during the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock valued at $249,000 after buying an additional 5,380 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after buying an additional 481 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Ryanair by 351.1% during the 1st quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock valued at $816,000 after buying an additional 14,980 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Ryanair during the 1st quarter valued at about $215,000. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded down $0.45 during midday trading on Friday, reaching $57.82. The company had a trading volume of 571,596 shares, compared to its average volume of 1,647,678. The business's 50-day simple moving average is $54.21 and its 200 day simple moving average is $48.16. The stock has a market cap of $30.72 billion, a P/E ratio of 18.09, a P/E/G ratio of 0.99 and a beta of 1.38. Ryanair Holdings PLC has a 1 year low of $36.96 and a 1 year high of $58.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Raymond James Financial restated a "strong-buy" rating on shares of Ryanair in a research report on Wednesday. Citigroup restated a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $108.50.

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.