Avidian Wealth Enterprises LLC Raises Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Avidian Wealth Enterprises LLC raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.0% in the third quarter, HoldingsChannel reports. The fund owned 1,872 shares of the company’s stock after purchasing an additional 200 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Royal Caribbean Cruises were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. FSM Wealth Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after purchasing an additional 51 shares during the period. Venture Visionary Partners LLC boosted its stake in shares of Royal Caribbean Cruises by 4.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after acquiring an additional 62 shares in the last quarter. Ignite Planners LLC grew its position in shares of Royal Caribbean Cruises by 4.3% during the 3rd quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after acquiring an additional 77 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Royal Caribbean Cruises by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock worth $1,291,000 after purchasing an additional 81 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on RCL shares. Barclays boosted their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Citigroup boosted their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $218.00.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,596 shares of company stock worth $8,090,059. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $220.52 on Friday. The company has a market capitalization of $59.29 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.54 and a beta of 2.59. 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 Ltd. has a 52 week low of $92.15 and a 52 week high of $227.12. The stock’s fifty day moving average is $183.91 and its two-hundred day moving average is $163.56.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm posted $3.85 earnings per share. Royal Caribbean Cruises’s revenue was up 17.5% compared to the same quarter last year. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

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.