Insider Selling: Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Sells 230,000 Shares of Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Arne Alexander Wilhelmsen also recently made the following trade(s):

• On Thursday, November 21st, Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17.

Royal Caribbean Cruises Trading Up 1.0 %

Shares of NYSE:RCL traded up $2.33 during trading on Thursday, reaching $238.20. 1,013,769 shares of the company traded hands, compared to its average volume of 2,362,125. 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 52-week low of $103.61 and a 52-week high of $239.39. The firm has a market capitalization of $64.05 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 0.62 and a beta of 2.59. The business’s fifty day moving average is $198.10 and its 200-day moving average is $170.13.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm earned $3.85 EPS. The company’s revenue was up 17.5% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Hedge Funds Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after acquiring an additional 400,565 shares during the period. D1 Capital Partners L.P. lifted its position in Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after buying an additional 58,159 shares during the period. Swiss National Bank boosted its holdings in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after buying an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after acquiring an additional 1,865 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Tigress Financial raised their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Mizuho lifted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Company 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.