Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,195 shares of the company’s stock after selling 405 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $1,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Metis Global Partners LLC raised its position in shares of Royal Caribbean Cruises by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 9,674 shares of the company’s stock valued at $1,716,000 after acquiring an additional 140 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $26,000. Souders Financial Advisors acquired a new position in Royal Caribbean Cruises in the third quarter valued at approximately $800,000. Empower Advisory Group LLC grew its holdings in shares of Royal Caribbean Cruises by 3.7% during the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock valued at $311,000 after purchasing an additional 63 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Royal Caribbean Cruises by 8.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the company’s stock worth $291,000 after purchasing an additional 132 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,796 shares of company stock valued at $7,170,759 in the last three months. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $231.49 on Monday. The company has a 50-day moving average of $193.66 and a 200-day moving average of $168.33. The firm has a market cap of $62.24 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a twelve month low of $101.04 and a twelve month high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.85 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Susquehanna increased their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group boosted their target price 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. Mizuho raised their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Macquarie boosted their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Profile

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.