Mitsubishi UFJ Asset Management Co. Ltd. Purchases 25,804 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,831 shares of the company's stock after purchasing an additional 25,804 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Royal Caribbean Cruises worth $31,056,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $147.00.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business's stock in a transaction on 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 transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction on 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 transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason T. Liberty sold 50,000 shares of the company's 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. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Up 1.6 %

Royal Caribbean Cruises stock traded up $2.22 during trading on Thursday, reaching $142.86. 2,657,721 shares of the company were exchanged, compared to its average volume of 2,724,937. 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 market capitalization of $36.76 billion, a P/E ratio of 18.43, a PEG ratio of 0.42 and a beta of 2.49. The stock's 50 day simple moving average is $135.12 and its two-hundred day simple moving average is $122.80. Royal Caribbean Cruises Ltd. has a 52-week low of $76.31 and a 52-week high of $144.34.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.44. The company 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%. Royal Caribbean Cruises's quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

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.