E Fund Management Co. Ltd. Invests $993,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

E Fund Management Co. Ltd. bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,671 shares of the company’s stock, valued at approximately $993,000.

Several other large investors have also recently made changes to their positions in RCL. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.0% in the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock worth $2,295,891,000 after purchasing an additional 487,327 shares during the period. Northern Trust Corp boosted its stake in Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after purchasing an additional 148,532 shares in the last quarter. Swiss National Bank grew its holdings in shares of Royal Caribbean Cruises by 2.8% during the fourth quarter. Swiss National Bank now owns 760,938 shares of the company’s stock valued at $98,534,000 after buying an additional 20,600 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Royal Caribbean Cruises by 15.4% in the fourth quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock valued at $82,789,000 after purchasing an additional 85,545 shares during the period. Finally, Fiera Capital Corp raised its position in Royal Caribbean Cruises by 2.4% during the 3rd quarter. Fiera Capital Corp now owns 497,416 shares of the company’s stock worth $45,832,000 after buying an additional 11,742 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders sold 71,697 shares of company stock worth $9,749,357 over the last 90 days. 7.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RCL has been the subject of several analyst reports. UBS Group boosted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Mizuho boosted their price target on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. 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, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $146.13.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded up $0.08 during trading on Wednesday, reaching $141.67. The company’s stock had a trading volume of 1,287,562 shares, compared to its average volume of 2,758,934. The firm has a market cap of $36.46 billion, a PE ratio of 18.26, a P/E/G ratio of 0.41 and a beta of 2.49. The company has a 50-day moving average price of $133.15 and a two-hundred day moving average price of $120.60. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a fifty-two week low of $73.93 and a fifty-two week high of $143.93.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current year.

Royal Caribbean Cruises Company 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.