Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,887 shares of the company's stock after selling 3,763 shares during the quarter. Royal Caribbean Cruises comprises 4.1% of Tabor Asset Management LP's investment portfolio, making the stock its 8th largest holding. Tabor Asset Management LP's holdings in Royal Caribbean Cruises were worth $8,493,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. The trade was a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares of the company's stock, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock worth $94,299,521 in the last three months. 7.95% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Macquarie upped their target price 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. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.63.

Royal Caribbean Cruises Stock Up 2.5 %

Shares of NYSE:RCL traded up $6.24 during mid-day trading on Friday, hitting $257.38. 1,014,013 shares of the company traded hands, compared to its average volume of 2,327,497. The firm has a market cap of $69.20 billion, a P/E ratio of 26.24, a PEG ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $257.54. The firm's 50 day simple moving average is $213.77 and its 200 day simple moving average is $177.76.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $3.85 EPS. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS 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.