Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Michael W. Bayley Sells 49,155 Shares

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) CEO Michael W. Bayley sold 49,155 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now owns 49,695 shares in the company, valued at approximately $7,338,460.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded down $3.38 during mid-day trading on Wednesday, hitting $147.37. The stock had a trading volume of 2,190,628 shares, compared to its average volume of 2,710,209. The firm has a market capitalization of $37.93 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.45 and a beta of 2.49. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The firm's 50 day moving average is $136.60 and its 200 day moving average is $124.70. Royal Caribbean Cruises Ltd. has a one year low of $76.31 and a one year high of $150.90.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results 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. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises's quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RCL shares. Bank of America increased their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Susquehanna raised their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a "positive" rating in a research note on Friday, April 26th. The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. UBS Group raised their target price on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, May 14th. Finally, Mizuho lifted their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.38.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds have recently bought and sold shares of the stock. Kowal Investment Group LLC grew its stake in Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company's stock worth $318,000 after acquiring an additional 87 shares in the last quarter. Pitcairn Co. increased its holdings in Royal Caribbean Cruises by 3.8% during the first quarter. Pitcairn Co. now owns 2,376 shares of the company's stock valued at $330,000 after buying an additional 88 shares during the period. West Branch Capital LLC increased its holdings in Royal Caribbean Cruises by 50.0% during the fourth quarter. West Branch Capital LLC now owns 300 shares of the company's stock valued at $39,000 after buying an additional 100 shares during the period. Toth Financial Advisory Corp increased its holdings in Royal Caribbean Cruises by 24.6% during the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company's stock valued at $66,000 after buying an additional 100 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Royal Caribbean Cruises by 11.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company's stock valued at $143,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 87.53% 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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