Royal Caribbean Cruises Ltd. $RCL Position Trimmed by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV has reduced its stake in Royal Caribbean Cruises by 37.1%, selling 110,475 shares and now holds approximately 0.07% of the company valued at $38.4 million.
• Royal Caribbean Cruises reported $4.38 earnings per share for the latest quarter, surpassing analysts' expectations, while also projecting strong earnings guidance for FY 2025.
• Multiple analysts have recently adjusted their ratings and target prices for Royal Caribbean Cruises, with the stock now receiving a consensus rating of "Moderate Buy" from research firms.

Nissay Asset Management Corp Japan ADV reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,998 shares of the company's stock after selling 110,475 shares during the quarter. Nissay Asset Management Corp Japan ADV owned 0.07% of Royal Caribbean Cruises worth $38,417,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after buying an additional 602,447 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after purchasing an additional 535,043 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after purchasing an additional 513,702 shares in the last quarter. Nuveen LLC acquired a new position in shares of Royal Caribbean Cruises during the first quarter worth $358,614,000. Finally, GAMMA Investing LLC lifted its position in shares of Royal Caribbean Cruises by 22,154.9% during the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after purchasing an additional 1,404,622 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 0.3%

RCL traded down $1.02 during trading on Monday, hitting $351.25. The company had a trading volume of 1,587,254 shares, compared to its average volume of 1,812,732. The company has a market cap of $95.41 billion, a PE ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 2.12. The business has a 50-day moving average of $335.75 and a 200-day moving average of $268.42. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $366.50.

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, beating the consensus estimate of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.21 earnings per share. 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, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction 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 sale, the director owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock worth $10,091,282 over the last 90 days. Insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RCL shares. Barclays boosted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Susquehanna reissued a "positive" rating and set a $385.00 target price (up from $275.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, July 30th. Jefferies Financial Group boosted their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $327.14.

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.