SVB Wealth LLC Sells 8,654 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• SVB Wealth LLC has reduced its holdings in Royal Caribbean Cruises Ltd. by 33.7%, selling 8,654 shares and bringing its total ownership to 17,053 shares valued at approximately $3.5 million.
• Insider trading includes significant sales by directors, with Richard D. Fain selling 16,000 shares for about $4.98 million, indicating a 9.62% decrease in his position.
• Analysts maintain a generally positive outlook on the stock, with target price increases leading to a consensus rating of "Moderate Buy" and an average target price of $327.14.

SVB Wealth LLC lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 33.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,053 shares of the company's stock after selling 8,654 shares during the quarter. SVB Wealth LLC's holdings in Royal Caribbean Cruises were worth $3,503,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Forest Avenue Capital Management LP raised its holdings in Royal Caribbean Cruises by 71.2% in the 1st quarter. Forest Avenue Capital Management LP now owns 283,127 shares of the company's stock valued at $58,166,000 after buying an additional 117,768 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Royal Caribbean Cruises by 11.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,346 shares of the company's stock valued at $487,000 after buying an additional 234 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Royal Caribbean Cruises by 4.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,849 shares of the company's stock valued at $10,036,000 after buying an additional 2,017 shares during the last quarter. Q Global Advisors LLC bought a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $2,780,000. Finally, Van Hulzen Asset Management LLC raised its holdings in Royal Caribbean Cruises by 72.7% in the 1st quarter. Van Hulzen Asset Management LLC now owns 9,501 shares of the company's stock valued at $1,952,000 after buying an additional 3,999 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares in the company, valued at approximately $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares in the company, 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. Insiders have sold 31,507 shares of company stock worth $10,091,282 in the last ninety days. Company insiders own 6.95% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group increased their target price 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. Barclays increased their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Sanford C. Bernstein increased their target price on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 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 issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $344.2190 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The stock's fifty day simple moving average is $319.17 and its two-hundred day simple moving average is $260.88. Royal Caribbean Cruises Ltd. has a 1-year low of $154.08 and a 1-year high of $355.91. The stock has a market cap of $93.50 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.91 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for 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 was up 10.4% on a year-over-year basis. During the same period last year, the business earned $3.21 EPS. 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 EPS for the current fiscal year.

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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