Ryanair (NASDAQ:RYAAY) Stock: Insider Carol Marie Sharkey Sells 6,166 Shares

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Carol Sharkey sold 6,166 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $28.06, for a total transaction of $173,017.96. Following the completion of the sale, the insider directly owned 7,970 shares in the company, valued at $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ryanair Stock Up 1.3%

RYAAY stock opened at $59.30 on Friday. The stock has a market cap of $30.71 billion, a P/E ratio of 15.05, a PEG ratio of 4.55 and a beta of 1.22. The business’s 50-day moving average price is $54.30 and its 200-day moving average price is $59.57. Ryanair Holdings PLC has a twelve month low of $51.02 and a twelve month high of $74.24.

Analyst Ratings Changes

RYAAY has been the subject of several research analyst reports. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Oddo Bhf downgraded Ryanair from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 28th. Morgan Stanley assumed coverage on shares of Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective for the company. Barclays downgraded Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ryanair has a consensus rating of “Moderate Buy” and a consensus price target of $73.97.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently added to or reduced their stakes in RYAAY. Janus Henderson Group PLC lifted its stake in shares of Ryanair by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after acquiring an additional 185,110 shares during the period. Wellington Management Group LLP grew its holdings in Ryanair by 0.4% during the second quarter. Wellington Management Group LLP now owns 4,007,671 shares of the transportation company’s stock valued at $259,497,000 after purchasing an additional 14,074 shares during the period. Trinity Street Asset Management LLP increased its holdings in shares of Ryanair by 3.2% in the second quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock worth $230,992,000 after buying an additional 110,700 shares during the period. Sei Investments Co. raised its stake in shares of Ryanair by 34.3% in the first quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock worth $125,560,000 after purchasing an additional 555,029 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Ryanair by 9.0% in the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after purchasing an additional 170,242 shares in the last quarter. 43.65% of the stock is owned by institutional investors and hedge funds.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options.

The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe.

Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.