National Pension Service Has $64.15 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

National Pension Service lessened its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,700 shares of the company's stock after selling 6,831 shares during the quarter. National Pension Service owned 0.14% of Royal Caribbean Cruises worth $64,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital International Investors grew its holdings in Royal Caribbean Cruises by 1.0% during the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company's stock worth $4,114,203,000 after acquiring an additional 286,868 shares in the last quarter. Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company's stock worth $3,532,143,000 after purchasing an additional 132,079 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock valued at $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. raised its stake in Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock valued at $241,075,000 after buying an additional 777,103 shares in the last quarter. Finally, Capital International Inc. CA lifted its holdings in Royal Caribbean Cruises by 3.3% during the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company's stock worth $83,672,000 after buying an additional 19,065 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RCL. The Goldman Sachs Group lifted their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Citigroup raised their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Susquehanna upped their price objective 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. Truist Financial raised their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $214.00.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock valued at $8,090,059 in the last three months. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 7.6 %

Shares of NYSE RCL traded up $15.94 during mid-day trading on Wednesday, hitting $226.71. 3,377,185 shares of the company traded hands, compared to its average volume of 2,395,340. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 1 year low of $90.00 and a 1 year high of $227.12. The stock has a market capitalization of $60.96 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 0.54 and a beta of 2.59. The business has a 50 day moving average of $183.91 and a two-hundred day moving average of $163.56.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) 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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. The business's quarterly revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share 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.