Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 128.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,892 shares of the company’s stock after acquiring an additional 47,694 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Caribbean Cruises were worth $10,993,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. West Branch Capital LLC lifted its stake in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Royal Caribbean Cruises by 14.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock valued at $119,000 after buying an additional 115 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in Royal Caribbean Cruises by 2.7% in the third quarter. Everhart Financial Group Inc. now owns 5,009 shares of the company’s stock valued at $462,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RCL shares. UBS Group boosted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Macquarie boosted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Barclays boosted their price target on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Susquehanna boosted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 1.2 %

Shares of Royal Caribbean Cruises stock opened at $129.21 on Friday. The stock’s fifty day moving average is $128.21 and its 200-day moving average is $115.81. The firm has a market capitalization of $33.17 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises Ltd. has a 12-month low of $59.37 and a 12-month high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. Royal Caribbean Cruises’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.12) earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.01 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.