Sumitomo Mitsui Trust Group Inc. Sells 9,264 Shares of Ryanair Holdings PLC (NASDAQ:RYAAY)

Sumitomo Mitsui Trust Group Inc. reduced its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 12.3% during the first quarter, Holdings Channel reports. The institutional investor owned 66,090 shares of the transportation company’s stock after selling 9,264 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryanair were worth $2,800,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RYAAY. Capital International Investors lifted its holdings in shares of Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company’s stock worth $1,691,536,000 after purchasing an additional 2,231,153 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Ryanair by 3.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,091,455 shares of the transportation company’s stock valued at $1,224,507,000 after acquiring an additional 828,019 shares during the period. Brave Warrior Advisors LLC lifted its stake in Ryanair by 9.8% during the 4th quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company’s stock valued at $244,290,000 after acquiring an additional 500,239 shares during the period. Metropolis Capital Ltd lifted its stake in Ryanair by 3.5% during the 1st quarter. Metropolis Capital Ltd now owns 4,753,672 shares of the transportation company’s stock valued at $201,413,000 after acquiring an additional 160,542 shares during the period. Finally, FIL Ltd lifted its stake in Ryanair by 5.8% during the 4th quarter. FIL Ltd now owns 3,804,773 shares of the transportation company’s stock valued at $165,850,000 after acquiring an additional 209,424 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Raymond James Financial reissued a “strong-buy” rating on shares of Ryanair in a report on Wednesday. Wall Street Zen upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research note on Wednesday, May 21st. Two 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 company’s stock. According to MarketBeat, Ryanair presently has a consensus rating of “Buy” and an average target price of $108.50.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $57.82 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $54.21 and a two-hundred day moving average of $48.16. The stock has a market capitalization of $30.72 billion, a PE ratio of 18.09, a P/E/G ratio of 0.99 and a beta of 1.38. Ryanair Holdings PLC has a fifty-two week low of $36.96 and a fifty-two week high of $58.55.

Ryanair Profile

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.