Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Increased by Swiss National Bank

Key Points

• Swiss National Bank increased its stake in Royal Caribbean Cruises Ltd. by 4.3% during the first quarter, owning a total of 720,338 shares worth approximately $148 million.
• Royal Caribbean Cruises reported quarterly earnings of $4.38 per share, surpassing estimates and showing a 10.4% increase in revenue compared to the previous year.
• Despite insider selling activities, the stock has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $323.10.

Swiss National Bank lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,338 shares of the company's stock after purchasing an additional 29,500 shares during the period. Swiss National Bank owned about 0.27% of Royal Caribbean Cruises worth $147,986,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RCL. 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. Janus Henderson Group PLC increased its stake in shares of Royal Caribbean Cruises by 3,544.4% in the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after buying an additional 936,609 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 2.1% in 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 last quarter. Bank of New York Mellon Corp increased its position in shares of Royal Caribbean Cruises by 21.8% in the 1st 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 during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Royal Caribbean Cruises by 24.0% in the 4th 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 during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Fain sold 19,600 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders sold a total of 40,807 shares of company stock valued at $11,652,630 in the last quarter. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Price Performance

RCL traded up $10.41 on Tuesday, reaching $313.27. The company had a trading volume of 2,192,160 shares, compared to its average volume of 2,543,466. The company has a fifty day moving average of $309.32 and a 200-day moving average of $257.03. The company has a market capitalization of $85.09 billion, a P/E ratio of 23.48, a PEG ratio of 0.85 and a beta of 2.22. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises Ltd. has a one year low of $150.33 and a one year high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results 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. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RCL. Northcoast Research began coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price for the company. 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. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. JPMorgan Chase & Co. boosted their target price on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. 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. Five 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $323.10.

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.