Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by First National Bank of Omaha

First National Bank of Omaha reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 9.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,377 shares of the company's stock after selling 2,026 shares during the period. First National Bank of Omaha's holdings in Royal Caribbean Cruises were worth $3,259,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Czech National Bank increased its position in shares of Royal Caribbean Cruises by 8.7% during the second quarter. Czech National Bank now owns 45,117 shares of the company's stock worth $7,193,000 after acquiring an additional 3,609 shares during the period. Occidental Asset Management LLC purchased a new position in Royal Caribbean Cruises during the 2nd quarter worth $224,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 1.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,372 shares of the company's stock worth $3,726,000 after buying an additional 267 shares during the period. Wedmont Private Capital lifted its holdings in shares of Royal Caribbean Cruises by 6.1% in the 2nd quarter. Wedmont Private Capital now owns 6,432 shares of the company's stock worth $1,070,000 after buying an additional 372 shares during the period. Finally, Friedenthal Financial bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $813,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RCL. Barclays upped their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Truist Financial increased their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $233.63.

Royal Caribbean Cruises Stock Performance

Shares of RCL traded down $10.96 during trading hours on Monday, reaching $247.13. 2,437,719 shares of the company traded hands, compared to its average volume of 2,331,869. 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 business has a fifty day moving average price of $216.77 and a 200-day moving average price of $179.65. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The stock has a market capitalization of $66.45 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.68 and a beta of 2.59.

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, beating analysts' consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the company earned $3.85 earnings per share. The company's revenue was up 17.5% on a year-over-year basis. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm'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 transaction of $53,732,600.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock valued at $94,299,521 in the last ninety days. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises 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.