KBC Group NV Lowers Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

KBC Group NV decreased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 51.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 47,431 shares of the company's stock after selling 50,715 shares during the period. KBC Group NV's holdings in Royal Caribbean Cruises were worth $8,413,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Plato Investment Management Ltd bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $26,000. Souders Financial Advisors purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth about $800,000. Empower Advisory Group LLC boosted its stake in Royal Caribbean Cruises by 3.7% in the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company's stock worth $311,000 after buying an additional 63 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 8.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the company's stock worth $291,000 after acquiring an additional 132 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $231,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $1.52 on Friday, hitting $231.49. 1,738,322 shares of the company traded hands, compared to its average volume of 1,958,449. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The business has a 50-day simple moving average of $193.66 and a 200 day simple moving average of $168.11. Royal Caribbean Cruises Ltd. has a 52 week low of $101.04 and a 52 week high of $238.10. The stock has a market capitalization of $62.24 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company's revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.85 EPS. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,796 shares of company stock valued at $7,170,759 in the last 90 days. Company insiders own 7.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on RCL shares. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 7th. Mizuho increased their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Macquarie upped their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, UBS Group increased their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $220.00.

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.