Larson Financial Group LLC Has $419,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Larson Financial Group LLC lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,362 shares of the company’s stock after selling 94 shares during the period. Larson Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. grew its stake in shares of Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after acquiring an additional 777,103 shares in the last quarter. Swiss National Bank raised its holdings in shares of Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Royal Caribbean Cruises by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock worth $90,969,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Royal Caribbean Cruises by 4.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock worth $79,415,000 after purchasing an additional 21,326 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RCL. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a report on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Trading Up 1.7 %

Shares of RCL stock opened at $244.50 on Wednesday. Royal Caribbean Cruises Ltd. has a 12-month low of $103.99 and a 12-month high of $245.91. The company has a market capitalization of $65.74 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The firm has a 50 day moving average price of $203.96 and a two-hundred day moving average price of $173.13. 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 released 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $3.85 EPS. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 10.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 407,405 shares of company stock worth $94,817,966. Corporate insiders own 7.95% of the company’s stock.

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.