Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,762 shares of the company’s stock after buying an additional 791 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Caribbean Cruises were worth $18,049,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Royal Caribbean Cruises by 19.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after acquiring an additional 779 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $1,190,000. Cetera Investment Advisers increased its holdings in shares of Royal Caribbean Cruises by 162.4% during the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after buying an additional 29,854 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Royal Caribbean Cruises by 51.6% in the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock worth $1,617,000 after buying an additional 3,958 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Royal Caribbean Cruises by 45.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 49,649 shares of the company’s stock valued at $6,951,000 after acquiring an additional 15,514 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RCL has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday. They issued an “outperform” rating and a $290.00 price target on the stock. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,332 shares of company stock valued at $94,299,521. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $244.06 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $106.12 and a 52 week high of $245.91. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The stock has a market cap of $65.62 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59. The stock has a 50 day moving average of $208.22 and a 200-day moving average of $174.80.

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