Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 5,194 shares of the company’s stock after selling 92 shares during the period. Independent Advisor Alliance’s holdings in Royal Caribbean Cruises were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in RCL. FSM Wealth Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 3.2% during the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after buying an additional 51 shares during the period. Venturi Wealth Management LLC raised its stake in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock valued at $63,000 after acquiring an additional 61 shares in the last quarter. Venture Visionary Partners LLC boosted its position in Royal Caribbean Cruises by 4.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after acquiring an additional 62 shares during the period. Empower Advisory Group LLC boosted its position in Royal Caribbean Cruises by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock worth $311,000 after acquiring an additional 63 shares during the period. Finally, Ipswich Investment Management Co. Inc. grew its stake in shares of Royal Caribbean Cruises by 3.3% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock worth $390,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $241.62 on Thursday. The business’s 50-day simple moving average is $205.42 and its 200 day simple moving average is $173.61. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 0.63 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12-month low of $105.36 and a 12-month high of $245.91. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

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

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,332 shares of company stock worth $94,299,521. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RCL. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

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.