Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty Sells 50,000 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $140.58 on Friday. The stock has a market capitalization of $36.08 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12-month low of $59.38 and a 12-month high of $141.70. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The stock’s 50 day simple moving average is $130.20 and its 200 day simple moving average is $117.47.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) EPS. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. UBS Group lifted 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. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Barclays lifted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.76.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kowal Investment Group LLC lifted its position in Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after acquiring an additional 87 shares in the last quarter. West Branch Capital LLC raised its stake in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Toth Financial Advisory Corp raised its stake in Royal Caribbean Cruises by 24.6% during the 4th 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 raised its stake in Royal Caribbean Cruises by 11.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after buying an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in Royal Caribbean Cruises by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after buying an additional 115 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

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.