Insider Selling: Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Sells 50,000 Shares of Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of Royal Caribbean Cruises stock opened at $140.58 on Friday. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a fifty day moving average price of $130.20 and a 200 day moving average price of $117.47. Royal Caribbean Cruises Ltd. has a 1 year low of $59.38 and a 1 year high of $141.70. The stock has a market cap 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 (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the company posted ($0.23) earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCL shares. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays raised their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Mizuho raised their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in Royal Caribbean Cruises by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock valued at $2,580,000 after buying an additional 750 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $688,000. Czech National Bank increased its stake in shares of Royal Caribbean Cruises by 58.2% during the third quarter. Czech National Bank now owns 41,191 shares of the company’s stock worth $3,795,000 after purchasing an additional 15,158 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Royal Caribbean Cruises by 2.9% during the third quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock worth $9,623,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Simplicity Solutions LLC increased its stake in shares of Royal Caribbean Cruises by 1.6% during the third quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock worth $2,097,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.