The price of easyJet shares is determined to a large degree by the number of flights it has in the air at any one time. The sale means he now has just under a 33% stake in the airline. In 2018, it accounted for 43.3% of the airport’s slots, with Norwegian and BA taking 19% and 10.5%, respectively. On a relative basis - which take into account the movement of the wider market - the shares have moved by -21.8% over the past year and by -35.8% over the past six months. 33.25% ownership of EZJ insiders is large enough to make an impact on shareholder returns. The founder of easyJet Sir Stelios Haji-Ioannou has sold over £13 million ($16.3 million) of his shares today during continued tensions with the board. To take a position on easyJet, you’ll need to know that the company is listed on the London Stock Exchange under the 'EZJ' ticker. Stelios still owns a third of Easyjet's shares with his family – though he sold a 0.7 per cent stake in the group last week, worth around £22m. Companies frequently make stock buybacks and retire those buybacks as treasury stock. Sir Stelios Haji-Ioannou has sold easyJet shares for the first time since 2015 amid a row with its board, Sky News learns. Shares Outstanding Definition. IAG’s boss, Willie Walsh, announced he was putting off plans to retire. In December, 2001, easyJet establishes London Gatwick as its fifth base and becomes the second largest scheduled airline at the airport, after reaching the ten million seats sold online milestone. Today is the first time he has sold shares in over five years. Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Travel & Leisure: 3,009.0-1,273.0-264.9-4,457 EasyJet revealed an annual loss before tax of £835m, which was in the middle of the £815-£845m loss range anticipated. The following year, in November, easyJet shares are formally admitted to the London Stock Exchange at an offer price of 310p. easyJet shares following a familiar pattern. Top British stocks for January 2021. ... ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. appeared first on The Motley Fool UK. Read all the latest easyJet plc (EZJ) Ordinary 27 2/7p share news, regulatory announcements and tips. easyJet stock was trading at GBX 1517 on 21 February, but has fallen since then to hit GBX 494. The airline was founded by Sir Stelios Haji-Ioannou in 1995, and he and his family remain major shareholders. Hedge funds don't have many shares in easyJet. 5 of the best shares I’d buy now for the stock market rally in 2021. Early life. Shares in British Airways owner IAG plunged 27%, while easyJet tumbled 18%. Haji-Ioannou, who along with his family owns about a third of easyJet’s shares, has been a long-time critic of the airline’s plans, saying it was putting expansion before profit growth. It’s a blue-chip constituent of the FTSE 100 holding a place on the index since 2013.. Budget airline EasyJet () has warned of weaker customer demand and lower ticket prices as prolonged Brexit-related uncertainty deters holidaymakers from flying.. Shares in the airline are experiencing some turbulence, down 6.7% at £10.41, after warning its outlook for the six months ending September 2019 is now ‘more cautious’. Here’s how I’d look to make a 1,000% return investing in shares. easyJet shares: ready for take-off? EasyJet, which plans to cut up to 4,500 jobs and shrink its fleet, had returned to the FTSE 100 only last December after a fall in its shares had triggered a demotion to the FTSE 250. Sir Stelios separately owns easyGroup IP licensing Ltd , the company that owns the "easy" brand and licenses it to the airline and also other companies. Invest with The Share Centre The volume of stock shares issued by the company and in the hands of the public. The post IAG and easyJet shares: should I buy for 2021? EasyJet founder Sir Stelios Haji-Ioannou has lost a bid to unseat its directors in a row over a £4.5bn order for Airbus planes. £1,000 to invest? Photo: Getty Images easyJet snags stacks of slots from departing Norwegian. Morgunbladid carries the story on its front page and reports that Icelandair stands to receive ISK 30 billion for its shares… Icelandic investment group FL has sold its 16.9 per cent holding in budget airline easyJet to earn a £97.9 million profit, ending months of spec-ulation it was eyeing a takeover of the carrier. The Icelandic and international news media report that FL Group is selling its 16.9 per cent share in EasyJet through the investment bank JP Morgan. This number entails how much is being traded in the open market. The group's cost saving efforts meant headline costs fell 58.9% to … Back in May, with the easyJet (LSE: EZY) share price at around 500p, I wrote an article about how the shares were too cheap to ignore. Who Really Owns easyJet plc (LON:EZJ)? easyJet has cut its weekly cash burn in a fully grounded scenario to around £40m. The basics of easyJet shares. easyJet sees summer short-haul flights increase, lifting shares . The EasyJet share price rose to £15 in February, its highest level since August 2018. A decreasing shares outstanding over time may be the result of company buybacks. More reading. easyJet has bagged a bucket load of ex-Norwegian Gatwick slots. T he easyJet share price could tick lower today on the back of a huge full-year loss and weak capacity. Shares that were close to £10 at the beginning of the year are now nearer £3, having fallen from a hopeful £5.30 in June. easyJet (LSE:EZJ) shares show a familiar pattern for airline stocks, having fallen off the proverbial cliff in March. easyJet boss Johan Lundgren wisely chose to raise cash by selling new shares quite early in the year. But it plummeted to an eight-year low of £4.10 in April as the UK introduced restrictions to slow the spread of the pandemic. Stelios Haji-Ioannou was born in Athens on 14 February 1967, the second of three children of Nedi (née Potsos) and Loucas Haji-Ioannou.He has an elder brother, Polys, and a younger sister, Clelia.Both of his siblings have a large stake in easyJet. For many years, easyJet has been the biggest airline at London’s Gatwick Airport. easyJet’s Q3 performance earlier this month was in line with expectations, with the airline ending the period with a re-start to flying. View the latest EasyJet (EZJ) share price and news, including recent trades, historical charts, broker views and our views. EASYJET PLC EZJ Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Over the past 12 months, the Easyjet share price has seen an absolute move of -34.5%. Back in June, Lundgren raised £419m at a share price of 703p. This would be a blow for the airline, as the shares had made a slow but steady recovery after hitting lows in March. Sir Stelios Haji-Ioannou said: "Terminating the Airbus contract is the only chance current shareholders have to maintain any value in their shares. It has done little over May and June as investors sit on their hands. A few weeks later, with them priced at nearly 900p, I … Director Deals - Easyjet PLC (EZJ) Nick Leeder, Non Executive Director, bought 1,334 shares in the company on the 19th November 2020 at a price of £7.53. Insider Ownership Of easyJet The shares, which peaked at 504p in March, lost 53p to 337p as easyJet disclosed that average net fares fell 4pc to £46 in the year to end-September. Coronavirus: EasyJet founder sells £13m stake amid row. The announcement came as Haji-Ioannou, who with his family owns just over a third of easyJet shares, demanded an emergency general meeting and called for the sacking of two directors.