Prosperity Financial Group Inc. Buys 512 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Prosperity Financial Group Inc. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,707 shares of the company’s stock after acquiring an additional 512 shares during the period. Prosperity Financial Group Inc.’s holdings in Royal Caribbean Cruises were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in Royal Caribbean Cruises by 4.2% in the 1st quarter. Advisors Asset Management Inc. now owns 13,355 shares of the company’s stock valued at $1,856,000 after buying an additional 536 shares during the last quarter. BOKF NA boosted its stake in shares of Royal Caribbean Cruises by 1.6% in the first quarter. BOKF NA now owns 8,802 shares of the company’s stock valued at $1,237,000 after buying an additional 135 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Royal Caribbean Cruises by 19.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 19.5% in the first quarter. Beacon Capital Management LLC now owns 1,603 shares of the company’s stock worth $223,000 after purchasing an additional 262 shares during the period. Finally, Bluefin Capital Management LLC bought a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s 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 sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises 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 sale, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 407,405 shares of company stock valued at $94,817,966 in the last ninety days. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RCL shares. Truist Financial lifted their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Tigress Financial raised their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target 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. StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Monday, November 18th. Finally, UBS Group lifted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $241.49 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $103.61 and a twelve month high of $242.20. The stock has a market cap of $64.93 billion, a PE ratio of 24.82, a P/E/G ratio of 0.64 and a beta of 2.59. The stock has a fifty day simple moving average of $201.02 and a 200-day simple moving average of $171.70. 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 (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

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.