Jump Financial LLC Has $764,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Jump Financial LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,310 shares of the company's stock after selling 23,646 shares during the quarter. Jump Financial LLC's holdings in Royal Caribbean Cruises were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after acquiring an additional 353,893 shares during the period. Norges Bank acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $707,833,000. Charles Schwab Investment Management Inc. raised its position in shares of Royal Caribbean Cruises by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company's stock valued at $350,418,000 after acquiring an additional 48,480 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Royal Caribbean Cruises by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 938,743 shares of the company's stock valued at $216,559,000 after acquiring an additional 98,900 shares during the period. Institutional investors own 87.53% of the company's stock.

Insider Activity

In related news, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $261.62, for a total value of $4,447,540.00. Following the transaction, the chief financial officer now owns 42,127 shares in the company, valued at approximately $11,021,265.74. This represents a 28.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now owns 185,021 shares in the company, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by company insiders.

Analyst Ratings Changes

RCL has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Royal Caribbean Cruises from $270.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Loop Capital upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.85.

Royal Caribbean Cruises Stock Up 2.2 %

NYSE:RCL traded up $4.70 on Monday, hitting $216.67. 2,667,776 shares of the company's stock were exchanged, compared to its average volume of 2,305,379. The firm has a 50-day moving average price of $210.95 and a 200-day moving average price of $226.99. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $277.08. The company has a market cap of $58.83 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the previous year, the business posted $1.25 EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio is presently 28.06%.

About Royal Caribbean Cruises

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.