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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $233.62, for a total value of $53,732,600.00.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded up $2.33 during midday trading on Thursday, hitting $238.20. The stock had a trading volume of 1,013,769 shares, compared to its average volume of 2,362,125. The company has a market capitalization of $64.05 billion, a PE ratio of 24.43, a P/E/G ratio of 0.62 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $103.61 and a 1 year high of $239.39. The stock has a 50 day moving average price of $198.10 and a two-hundred day moving average price of $170.13. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for 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 firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RCL shares. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Finally, Macquarie raised their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its holdings in shares of Royal Caribbean Cruises by 18.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,801 shares of the company’s stock worth $3,170,000 after acquiring an additional 3,564 shares during the period. Bessemer Group Inc. raised its stake in shares of Royal Caribbean Cruises by 411.0% during the 1st quarter. Bessemer Group Inc. now owns 14,119 shares of the company’s stock worth $1,962,000 after buying an additional 11,356 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Royal Caribbean Cruises by 26.3% in the 1st quarter. Lake Street Advisors Group LLC now owns 2,930 shares of the company’s stock worth $407,000 after buying an additional 610 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Royal Caribbean Cruises by 7.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,265 shares of the company’s stock valued at $13,379,000 after purchasing an additional 6,780 shares during the last quarter. Finally, Pitcairn Co. grew its holdings in Royal Caribbean Cruises by 3.8% during the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock valued at $330,000 after buying an additional 88 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other 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.