BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $3.45 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 76.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,807 shares of the company’s stock after purchasing an additional 10,780 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Royal Caribbean Cruises were worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of RCL. Keystone Financial Group bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $209,000. Quadrant Capital Group LLC increased its position in Royal Caribbean Cruises by 19.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after acquiring an additional 285 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Royal Caribbean Cruises by 1,672.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after acquiring an additional 17,782 shares during the last quarter. Retireful LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $1,977,000. Finally, Franklin Resources Inc. grew its stake in shares of Royal Caribbean Cruises by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after purchasing an additional 17,815 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares in the company, valued at approximately $7,338,460.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,884 shares of company stock worth $22,052,985. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.5 %

NYSE RCL traded up $4.03 during trading hours on Friday, reaching $168.22. 231,474 shares of the company’s stock were exchanged, compared to its average volume of 2,485,436. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market capitalization of $43.29 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.50 and a beta of 2.62. The company’s 50-day moving average is $153.74 and its two-hundred day moving average is $137.14. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $172.64.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Argus boosted their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays raised their price target on Royal Caribbean Cruises from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, July 12th. UBS Group upped their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

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.