Deutsche Bank AG Sells 205,365 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Deutsche Bank AG reduced its stake in Royal Caribbean Cruises by 26.2%, selling 205,365 shares during the first quarter, which now gives it approximately 0.21% ownership valued at $118,944,000.
• Insider trading activity included Director Richard D. Fain selling 19,600 shares and CAO Henry L. Pujol selling 5,207 shares, with the sales indicating a decrease in their respective positions.
• Royal Caribbean Cruises reported an earnings per share (EPS) of $4.38 for the last quarter, surpassing analyst expectations, with a 10.4% year-over-year revenue growth and a market capitalization of $81.88 billion.

Deutsche Bank AG reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 578,973 shares of the company's stock after selling 205,365 shares during the period. Deutsche Bank AG owned about 0.21% of Royal Caribbean Cruises worth $118,944,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ostrum Asset Management raised its position in Royal Caribbean Cruises by 0.3% in the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after purchasing an additional 40 shares during the period. CWM LLC raised its holdings in shares of Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock valued at $2,633,000 after buying an additional 45 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Royal Caribbean Cruises by 3.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after buying an additional 45 shares during the period. Forum Financial Management LP raised its holdings in shares of Royal Caribbean Cruises by 1.5% in the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after buying an additional 46 shares during the period. Finally, Accredited Investors Inc. raised its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after buying an additional 46 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on RCL shares. Bank of America boosted their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group cut their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. UBS Group set a $353.00 target price on Royal Caribbean Cruises and gave the stock a "buy" rating in a research note on Friday. Citigroup raised their price objective on Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, TD Cowen assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.10.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This trade represents a 39.95% 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 valued at $11,652,630 over the last three months. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded up $10.41 on Tuesday, reaching $313.27. 2,192,184 shares of the company were exchanged, compared to its average volume of 2,112,472. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23. The company's 50-day moving average is $309.32 and its two-hundred day moving average is $257.03. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 0.85 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 1-year low of $150.33 and a 1-year high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping 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 business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the firm earned $3.21 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises 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.