Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 85.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,688 shares of the company’s stock after purchasing an additional 1,238 shares during the quarter. Farther Finance Advisors LLC’s holdings in Royal Caribbean Cruises were worth $477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth about $27,000. Versant Capital Management Inc lifted its stake in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,596 shares of company stock valued at $8,090,059. 7.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RCL shares. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Susquehanna boosted their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Royal Caribbean Cruises Stock Up 7.6 %

NYSE:RCL opened at $226.71 on Thursday. The firm has a market capitalization of $60.96 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.54 and a beta of 2.59. The stock has a 50 day moving average of $183.91 and a 200-day moving average of $163.56. Royal Caribbean Cruises Ltd. has a 52 week low of $90.00 and a 52 week high of $227.12. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.85 earnings per share. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current 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.