Royal Caribbean Cruises Ltd. (NYSE:RCL) EVP Harri U. Kulovaara Sells 3,256 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $241.49 on Friday. The firm has a market capitalization of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.62 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $242.20. The business has a 50 day simple moving average of $201.02 and a 200-day simple moving average of $171.29. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $3.85 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of large investors have recently bought and sold shares of the business. Anchor Investment Management LLC boosted its holdings in Royal Caribbean Cruises by 175.0% during the 3rd quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in Royal Caribbean Cruises by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock valued at $53,000 after acquiring an additional 75 shares during the period. Virtue Capital Management LLC purchased a new position in Royal Caribbean Cruises during the 3rd quarter valued at $210,000. Coldstream Capital Management Inc. boosted its holdings in Royal Caribbean Cruises by 9.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,796 shares of the company’s stock valued at $1,053,000 after acquiring an additional 505 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after acquiring an additional 13,520 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RCL shares. Macquarie lifted their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. UBS Group lifted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Bank of America lifted their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.