Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,762 shares of the company’s stock after purchasing an additional 791 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Caribbean Cruises were worth $18,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RCL. Dimensional Fund Advisors LP grew its stake in Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. grew its position in shares of Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after acquiring an additional 777,103 shares during the last quarter. Swiss National Bank increased its holdings in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after acquiring an additional 3,800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Royal Caribbean Cruises by 4.5% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock valued at $79,415,000 after purchasing an additional 21,326 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $244.06 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $106.12 and a 1 year high of $245.91. The business’s fifty day moving average is $208.22 and its two-hundred day moving average is $174.80. The stock has a market capitalization of $65.62 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.64 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 (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the firm earned $3.85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Citigroup lifted their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction 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 directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. The trade was 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 hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 404,332 shares of company stock worth $94,299,521. Company 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.