Jason T. Liberty Sells 50,000 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Royal Caribbean Cruises Stock Up 2.3 %

NYSE RCL traded up $3.11 during trading on Friday, reaching $140.58. 2,759,776 shares of the company’s stock were exchanged, compared to its average volume of 2,785,707. The company has a 50 day moving average price of $129.71 and a two-hundred day moving average price of $117.11. The stock has a market cap of $36.08 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 1 year low of $59.38 and a 1 year high of $141.70. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 10.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RCL shares. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.76.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $33,000. Finally, West Branch Capital LLC lifted its stake in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

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.