Royal Caribbean Cruises Ltd. $RCL Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Royal Caribbean Cruises Ltd. by 20.5% in Q1, selling 6,381 shares, leaving it with a total of 24,705 shares worth approximately $4.7 million.
• Royal Caribbean's recent earnings report showed an EPS of $4.38, exceeding estimates, and the company has set ambitious EPS guidance for FY 2025 ranging from 15.410 to 15.550.
• Multiple analysts have recently boosted their price targets for Royal Caribbean, with JPMorgan raising it to $367.00 and Barclays to $358.00, reflecting a positive outlook for the stock.

APG Asset Management N.V. decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 20.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,705 shares of the company's stock after selling 6,381 shares during the period. APG Asset Management N.V.'s holdings in Royal Caribbean Cruises were worth $4,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of RCL. Brighton Jones LLC increased its position in Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after acquiring an additional 143 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Royal Caribbean Cruises by 50.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,961 shares of the company's stock worth $452,000 after acquiring an additional 660 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Royal Caribbean Cruises by 2.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 145,848 shares of the company's stock worth $33,646,000 after acquiring an additional 3,835 shares during the period. Northern Trust Corp lifted its position in Royal Caribbean Cruises by 15.6% during the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock valued at $545,534,000 after acquiring an additional 319,264 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in Royal Caribbean Cruises by 4.7% during the fourth quarter. Lido Advisors LLC now owns 3,390 shares of the company's stock valued at $784,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RCL shares. Truist Financial set a $337.00 target price on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Loop Capital reissued a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Wall Street Zen lowered shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Citigroup increased their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $327.14.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director directly owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director directly owned 16,407 shares of the company's stock, valued at $5,414,966.28. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Performance

RCL traded down $2.77 during trading on Friday, reaching $363.07. 1,962,254 shares of the company's stock were exchanged, compared to its average volume of 2,000,324. Royal Caribbean Cruises Ltd. has a 1 year low of $154.08 and a 1 year high of $366.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The stock has a market capitalization of $98.62 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.03 and a beta of 2.22. The company's fifty day simple moving average is $328.20 and its 200-day simple moving average is $264.10.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $3.21 EPS. Royal Caribbean Cruises's revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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.