Royal Caribbean Cruises Ltd. $RCL Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,820 shares of the company’s stock after selling 24,270 shares during the period. Royal Caribbean Cruises comprises about 1.3% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 26th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Royal Caribbean Cruises were worth $27,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in Royal Caribbean Cruises in the first quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at about $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $35,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter worth about $40,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RCL. Macquarie reduced their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Finally, UBS Group upped their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $327.14.

Royal Caribbean Cruises Trading Up 1.5%

Shares of Royal Caribbean Cruises stock opened at $360.49 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock’s 50 day simple moving average is $334.16 and its 200-day simple moving average is $266.79. The stock has a market cap of $97.92 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.00 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Activity

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares of the company’s stock, valued at $5,414,966.28. The trade was a 38.57% 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, CAO Henry L. Pujol sold 5,207 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is currently owned by insiders.

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.