E Fund Management Co. Ltd. Purchases New Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

E Fund Management Co. Ltd. acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,671 shares of the company's stock, valued at approximately $993,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $33,000. Hanseatic Management Services Inc. acquired a new position in shares of Royal Caribbean Cruises in the third quarter worth $36,000. West Branch Capital LLC increased its stake in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company's stock worth $39,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Royal Caribbean Cruises by 367.2% during the fourth quarter. Blue Trust Inc. now owns 313 shares of the company's stock worth $41,000 after acquiring an additional 246 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL traded up $0.08 during mid-day trading on Wednesday, hitting $141.67. 1,287,562 shares of the stock traded hands, compared to its average volume of 2,758,934. The company has a market cap of $36.46 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 0.41 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a twelve month low of $73.93 and a twelve month high of $143.93. 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 firm has a 50 day simple moving average of $133.15 and a two-hundred day simple moving average of $120.60.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company's revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Henry L. Pujol sold 9,944 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at approximately $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jason T. Liberty sold 50,000 shares of the business's 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 transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,697 shares of company stock valued at $9,749,357. 7.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on RCL shares. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Mizuho raised their target price on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a "buy" rating in a report on Friday, April 26th. The Goldman Sachs Group reiterated a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Bank of America raised their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $146.13.

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.

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