Royal Caribbean Cruises Ltd. $RCL Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its stake in Royal Caribbean Cruises Ltd. by 53.4%, selling 51,242 shares and retaining 44,701 shares worth approximately $9.18 million.
• Royal Caribbean reported $4.38 EPS for the last quarter, exceeding estimates of $4.04, with revenue reaching $4.54 billion, marking a year-over-year increase of 10.4%.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average price target of $327.14.

Credit Agricole S A decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 53.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,701 shares of the company's stock after selling 51,242 shares during the period. Credit Agricole S A's holdings in Royal Caribbean Cruises were worth $9,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the first quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises in the first quarter worth approximately $26,000. Optimum Investment Advisors bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at $31,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $35,000. Finally, SouthState Corp acquired a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $39,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $325.2210 on Friday. The firm has a 50 day simple moving average of $317.44 and a 200 day simple moving average of $260.32. Royal Caribbean Cruises Ltd. has a 52 week low of $154.08 and a 52 week high of $355.91. The stock has a market cap of $88.34 billion, a P/E ratio of 24.38, a P/E/G ratio of 0.93 and a beta of 2.22. 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 released 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. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RCL. Macquarie decreased their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. 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. Finally, Truist Financial set a $337.00 price target on shares of Royal Caribbean Cruises in a 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $327.14.

Insider Activity

In other news, CAO Henry L. Pujol sold 5,207 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the transaction, the director directly owned 16,407 shares in the company, valued at approximately $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 quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. Insiders own 6.95% of the company's stock.

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.

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