Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty Sells 50,000 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $140.59 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The stock has a market cap of $36.09 billion, a PE ratio of 18.12, a PEG ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12-month low of $59.38 and a 12-month high of $141.70. The business has a 50-day simple moving average of $130.20 and a two-hundred day simple moving average of $117.87.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. The firm’s revenue was up 29.2% compared to the same quarter last year. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Royal Caribbean Cruises

Large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth $323,251,000. Eagle Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $79,392,000. Vanguard Group Inc. grew its position in shares of Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after buying an additional 487,327 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at about $66,279,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of Royal Caribbean Cruises by 476.1% during the third quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock worth $43,381,000 after acquiring an additional 389,095 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.76.

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.