Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Alexander Wilhelmsen Sells 139,353 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % 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.

Arne Alexander Wilhelmsen also recently made the following trade(s):

• On Tuesday, November 19th, Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $241.49 on Friday. 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 twelve month low of $103.61 and a twelve month high of $242.20. The business has a 50-day moving average price of $201.02 and a 200-day moving average price of $171.49. The firm has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly 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. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RCL shares. 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 report on Wednesday, July 31st. Tigress Financial raised their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial upped their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Finally, Susquehanna upped their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Institutional Trading of Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently bought and sold shares of RCL. Anchor Investment Management LLC grew its position in shares of Royal Caribbean Cruises by 175.0% during the third quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in Royal Caribbean Cruises by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 75 shares during the last quarter. Virtue Capital Management LLC purchased a new position in Royal Caribbean Cruises during the 3rd quarter valued at approximately $210,000. Coldstream Capital Management Inc. increased its stake in Royal Caribbean Cruises by 9.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,796 shares of the company’s stock worth $1,053,000 after acquiring an additional 505 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in shares of Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after acquiring an additional 13,520 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

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.