Jason T. Liberty Sells 50,000 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at $21,365,763.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of NYSE:RCL traded up $3.11 during midday trading on Friday, hitting $140.58. 2,759,776 shares of the stock traded hands, compared to its average volume of 2,785,707. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $36.08 billion, a PE ratio of 22.60, a P/E/G ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a one year low of $59.38 and a one year high of $141.70. The business's 50 day moving average is $129.71 and its two-hundred day moving average is $117.11.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter last year, the business posted ($0.23) EPS. The business's revenue was up 29.2% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 10.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday. Susquehanna lifted their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a "positive" rating in a research report on Friday. Macquarie lifted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, March 15th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Finally, Barclays lifted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an "overweight" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average target price of $138.76.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth about $26,000. ST Germain D J Co. Inc. lifted its holdings in Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock worth $30,000 after buying an additional 130 shares during the period. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at approximately $30,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $33,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

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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