Swiss National Bank Increases Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Swiss National Bank raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 725,638 shares of the company's stock after purchasing an additional 3,800 shares during the quarter. Swiss National Bank owned 0.27% of Royal Caribbean Cruises worth $128,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors increased its position in shares of Royal Caribbean Cruises by 1.0% in the first quarter. Capital International Investors now owns 29,596,455 shares of the company's stock valued at $4,114,203,000 after acquiring an additional 286,868 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. increased its position in shares of Royal Caribbean Cruises by 105.7% in 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 acquiring an additional 777,103 shares during the last quarter. Capital International Inc. CA grew its holdings in Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company's stock worth $83,672,000 after purchasing an additional 19,065 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Royal Caribbean Cruises by 0.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company's stock worth $90,969,000 after acquiring an additional 1,865 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on RCL shares. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $220.00.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now owns 204,521 shares of the company's stock, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,796 shares of company stock valued at $7,170,759 in the last 90 days. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $0.27 during midday trading on Monday, reaching $231.76. The stock had a trading volume of 1,408,037 shares, compared to its average volume of 2,372,951. The company has a market capitalization of $62.32 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The stock has a 50-day moving average of $193.66 and a 200-day moving average of $168.33. Royal Caribbean Cruises Ltd. has a 12-month low of $102.77 and a 12-month high of $238.10. 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 (NYSE:RCL - Get Free Report) last released its 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 firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business earned $3.85 EPS. The business's revenue was up 17.5% on a year-over-year basis. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

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.