E Fund Management Co. Ltd. Buys 1,700 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

E Fund Management Co. Ltd. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,460 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $2,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company’s stock valued at $6,854,905,000 after acquiring an additional 278,860 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after purchasing an additional 602,447 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after purchasing an additional 535,043 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company’s stock worth $612,080,000 after purchasing an additional 513,702 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Royal Caribbean Cruises by 15.6% during the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company’s stock worth $545,534,000 after purchasing an additional 319,264 shares during the period. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. UBS Group set a $353.00 price target on shares of Royal Caribbean Cruises and gave the stock a “buy” rating in a report on Friday, August 8th. Macquarie cut their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Citigroup lifted their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $323.10.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director directly owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares of the company’s stock, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,807 shares of company stock valued at $11,652,630 over the last quarter. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.1%

RCL opened at $313.44 on Thursday. Royal Caribbean Cruises Ltd. has a 1-year low of $150.33 and a 1-year high of $355.91. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company has a market cap of $85.14 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 0.88 and a beta of 2.22. The company has a fifty day moving average price of $311.20 and a two-hundred day moving average price of $257.81.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 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.