Royal Caribbean Cruises Ltd. (NYSE:RCL) COO Adam M. Goldstein sold 120,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $118.21, for a total transaction of $14,185,200.00. Following the completion of the sale, the chief operating officer now directly owns 191,252 shares of the company’s stock, valued at $22,607,898.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Royal Caribbean Cruises Ltd. (RCL) opened at 119.69 on Monday. The company has a market capitalization of $25.75 billion, a P/E ratio of 16.79 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 12 month low of $65.10 and a 12 month high of $120.96. The company has a 50-day moving average price of $111.74 and a 200-day moving average price of $102.72.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a stock buyback plan on Friday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

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A number of brokerages have issued reports on RCL. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a $135.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday. Goldman Sachs Group, Inc. (The) raised shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and increased their price objective for the company from $99.00 to $115.00 in a report on Wednesday, August 2nd. Finally, Wedbush increased their price objective on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $117.23.

A number of hedge funds have recently modified their holdings of RCL. Advisors Preferred LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $103,000. NEXT Financial Group Inc boosted its stake in shares of Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock valued at $107,000 after buying an additional 200 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $119,000. Whittier Trust Co. boosted its stake in shares of Royal Caribbean Cruises by 24.4% in the first quarter. Whittier Trust Co. now owns 1,266 shares of the company’s stock valued at $124,000 after buying an additional 248 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares during the last quarter. Institutional investors own 71.23% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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