Mizuho Securities USA LLC Has $15.30 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mizuho Securities USA LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 372.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,259 shares of the company's stock after acquiring an additional 68,008 shares during the quarter. Mizuho Securities USA LLC's holdings in Royal Caribbean Cruises were worth $15,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSM Wealth Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company's stock valued at $290,000 after buying an additional 51 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 20.9% in the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company's stock valued at $63,000 after acquiring an additional 61 shares during the last quarter. Venture Visionary Partners LLC grew its position in Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company's stock worth $242,000 after acquiring an additional 62 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Royal Caribbean Cruises by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,755 shares of the company's stock worth $311,000 after purchasing an additional 63 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.3% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company's stock valued at $390,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The shares were 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 in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company's stock, valued at $4,620,629.48. This trade represents a 10.09 % 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. 7.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, July 30th. UBS Group boosted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Finally, Bank of America lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Royal Caribbean Cruises Stock Down 0.7 %

RCL stock opened at $231.49 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $101.04 and a twelve month high of $238.10. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company has a market cap of $62.24 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The business's 50-day simple moving average is $193.66 and its 200 day simple moving average is $168.11.

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

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.