Insider Selling: Royal Caribbean Cruises Ltd. (NYSE:RCL) EVP Sells $763,922.72 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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 trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Royal Caribbean Cruises Trading Up 1.7 %

NYSE RCL opened at $241.49 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $242.20. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market capitalization of $64.93 billion, a PE ratio of 24.82, a P/E/G ratio of 0.63 and a beta of 2.59. The company has a fifty day moving average of $201.02 and a 200 day moving average of $171.49.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Institutional Investors Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises during the third quarter valued at $26,000. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RCL shares. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Barclays increased their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.