Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,434 shares of the company's stock after selling 12,504 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Royal Caribbean Cruises were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Royal Caribbean Cruises by 7.1% in the third quarter. Principal Financial Group Inc. now owns 274,931 shares of the company's stock valued at $25,332,000 after purchasing an additional 18,255 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Royal Caribbean Cruises by 31.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 655 shares of the company's stock valued at $60,000 after buying an additional 158 shares during the period. NBC Securities Inc. acquired a new position in Royal Caribbean Cruises in the third quarter valued at about $55,000. Ieq Capital LLC boosted its stake in Royal Caribbean Cruises by 3.4% during the third quarter. Ieq Capital LLC now owns 8,711 shares of the company's stock worth $803,000 after buying an additional 290 shares during the period. Finally, Lincoln National Corp increased its position in shares of Royal Caribbean Cruises by 161.8% during the third quarter. Lincoln National Corp now owns 9,366 shares of the company's stock valued at $863,000 after acquiring an additional 5,788 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the company's stock in a transaction dated 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 in the company, valued at $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael W. Bayley sold 24,201 shares of the business's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the completion of the transaction, the chief executive officer now owns 98,850 shares of the company's stock, valued at approximately $13,859,758.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $21,365,763.71. The disclosure for this sale can be found here. Insiders sold 133,300 shares of company stock worth $19,037,832 in the last 90 days. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a research report on Friday, April 26th. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, May 17th. Morgan Stanley increased 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 report on Wednesday, February 7th. Finally, Bank of America boosted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. Three investment 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $147.38.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $2.12 during trading hours on Friday, hitting $148.43. The stock had a trading volume of 1,870,512 shares, compared to its average volume of 2,394,638. 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 market capitalization of $38.20 billion, a PE ratio of 19.13, a PEG ratio of 0.44 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a twelve month low of $77.14 and a twelve month high of $150.90. The stock's 50 day moving average is $137.65 and its 200 day moving average is $125.63.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly 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 firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company's revenue for the quarter was up 29.2% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. As a group, research analysts forecast 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.