1,696 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by LGT Group Foundation

Key Points

• LGT Group Foundation acquired 1,696 shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) for approximately $348,000 in the first quarter, reflecting increased interest from institutional investors.
• Analyst upgrades have boosted RCL's price targets, with Jefferies Financial Group raising theirs from $235.00 to $315.00, while JPMorgan Chase & Co. increased theirs from $302.00 to $367.00, indicating strong market confidence.
• Royal Caribbean reported $4.38 earnings per share, surpassing analysts' expectations and showing a year-over-year revenue increase of 10.4% during the last quarter.

LGT Group Foundation purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,696 shares of the company's stock, valued at approximately $348,000.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises during the first quarter valued at about $26,000. Fourth Dimension Wealth LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth about $35,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises in the first quarter worth about $31,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $40,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.4%

RCL stock traded up $1.24 during midday trading on Friday, reaching $313.54. 1,407,483 shares of the company traded hands, compared to its average volume of 2,097,155. The firm has a market capitalization of $85.17 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 52-week low of $154.08 and a 52-week high of $355.91. The business has a 50 day moving average of $312.76 and a 200-day moving average of $258.60. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the business earned $3.21 EPS. Royal Caribbean Cruises's revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,807 shares of company stock worth $11,652,630 over the last 90 days. Insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of several analyst reports. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Loop Capital reissued a "buy" rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price for the company. Finally, Citigroup raised their price target on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $323.10.

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.