Swiss National Bank Buys 20,600 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Swiss National Bank grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 760,938 shares of the company's stock after purchasing an additional 20,600 shares during the period. Swiss National Bank owned about 0.30% of Royal Caribbean Cruises worth $98,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at about $33,000. Hanseatic Management Services Inc. bought a new position in Royal Caribbean Cruises during the third quarter valued at about $36,000. West Branch Capital LLC grew its position 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. Finally, Blue Trust Inc. grew its position in Royal Caribbean Cruises by 367.2% during the fourth quarter. Blue Trust Inc. now owns 313 shares of the company's stock valued at $41,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL traded up $0.83 on Friday, hitting $138.21. The company's stock had a trading volume of 2,091,140 shares, compared to its average volume of 3,018,203. The company has a market capitalization of $35.57 billion, a PE ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company has a 50-day simple moving average of $132.31 and a 200 day simple moving average of $119.73. Royal Caribbean Cruises Ltd. has a 1 year low of $70.58 and a 1 year high of $143.62.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion for 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% on a year-over-year basis. During the same period last year, the firm posted ($0.23) earnings per share. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Analysts Set New Price Targets

RCL has been the subject of several research reports. Wells Fargo & Company increased 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, April 26th. Morgan Stanley increased their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. UBS Group increased their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average price target of $141.71.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company's stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at $21,365,763.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,697 shares of company stock valued at $9,749,357. Insiders own 8.70% 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.