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 the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $140.59 on Friday. 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 12-month low of $59.38 and a 12-month high of $141.70. The stock has a 50-day moving average price of $130.20 and a 200 day moving average price of $117.67. The stock has a market capitalization of $36.09 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays raised their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Susquehanna raised their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.76.

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors have recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $33,000. Finally, West Branch Capital LLC lifted its stake in shares of Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.