21,720 Shares in Royal Caribbean Cruises Ltd. $RCL Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 21,720 shares of the company’s stock, valued at approximately $6,929,000.

A number of other large investors also recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its stake in Royal Caribbean Cruises by 29.7% in the 4th quarter. TD Asset Management Inc now owns 877,659 shares of the company’s stock worth $244,797,000 after purchasing an additional 201,014 shares in the last quarter. Dougherty & Associates LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $10,827,000. North Dakota State Investment Board purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $2,424,000. Capital International Sarl increased its holdings in shares of Royal Caribbean Cruises by 19.3% in the fourth quarter. Capital International Sarl now owns 363,713 shares of the company’s stock worth $101,447,000 after purchasing an additional 58,734 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $2,027,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael W. Bayley sold 12,811 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total value of $4,048,147.89. Following the completion of the sale, the chief executive officer directly owned 45,297 shares of the company’s stock, valued at $14,313,399.03. This trade represents a 22.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of research reports. TD Cowen dropped their price target on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Barclays reduced their price objective on Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $361.00 to $388.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $296.00 target price on Royal Caribbean Cruises in a research report on Friday, May 1st. Finally, Citigroup raised their target price on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $353.40.

Royal Caribbean Cruises Stock Up 1.6%

Shares of NYSE RCL opened at $292.29 on Friday. The firm’s 50-day moving average price is $304.42 and its 200-day moving average price is $291.73. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $78.17 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.00 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a 12-month low of $232.10 and a 12-month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.98 by $0.23. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.82 billion. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $4.38 earnings per share. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.