Insider Selling: Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Sells 6,723 Shares of Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises 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 completion of the sale, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded down $4.29 during trading hours on Friday, reaching $202.06. 1,692,427 shares of the stock were exchanged, compared to its average volume of 1,891,982. The stock has a 50 day moving average of $181.04 and a two-hundred day moving average of $161.77. The company has a market cap of $54.33 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 0.54 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a twelve month low of $86.75 and a twelve month high of $214.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business posted $3.85 EPS. The firm's revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RCL. Lindbrook Capital LLC increased its position in Royal Caribbean Cruises by 11.8% in the third quarter. Lindbrook Capital LLC now owns 1,206 shares of the company's stock worth $214,000 after buying an additional 127 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $549,000. Hollencrest Capital Management purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth $130,000. Capital Performance Advisors LLP purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $61,000. Finally, Hanseatic Management Services Inc. lifted its position in Royal Caribbean Cruises by 23.4% during the third quarter. Hanseatic Management Services Inc. now owns 491 shares of the company's stock valued at $87,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of several research reports. Citigroup increased their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday. Macquarie raised their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research note on Tuesday. Tigress Financial increased their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Barclays boosted their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $214.00.

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.