4,509 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Souders Financial Advisors

Souders Financial Advisors purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,509 shares of the company’s stock, valued at approximately $800,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Royal Caribbean Cruises by 32.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,834 shares of the company’s stock worth $950,000 after purchasing an additional 1,672 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth $228,000. Qsemble Capital Management LP purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $237,000. ProShare Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 34.9% in the first quarter. ProShare Advisors LLC now owns 41,409 shares of the company’s stock worth $5,756,000 after buying an additional 10,709 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in Royal Caribbean Cruises by 21.3% during the 1st quarter. Entropy Technologies LP now owns 9,899 shares of the company’s stock valued at $1,376,000 after buying an additional 1,740 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $237.30 on Wednesday. The firm’s 50 day simple moving average is $189.16 and its 200-day simple moving average is $166.37. 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 one year low of $93.80 and a one year high of $237.68. The firm has a market cap of $63.81 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $3.85 EPS. Royal Caribbean Cruises’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RCL shares. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Royal Caribbean Cruises from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $218.00.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the firm’s 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 transaction, the director now owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % 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, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,596 shares of company stock valued at $8,090,059 over the last three months. 7.95% of the stock is owned by company insiders.

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.