Hsbc Holdings PLC Purchases 13,490 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Hsbc Holdings PLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 307,071 shares of the company’s stock after buying an additional 13,490 shares during the period. Hsbc Holdings PLC owned about 0.12% of Royal Caribbean Cruises worth $49,067,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Waterloo Capital L.P. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $295,000. Blair William & Co. IL raised its stake in shares of Royal Caribbean Cruises by 5.0% in the second quarter. Blair William & Co. IL now owns 107,282 shares of the company’s stock worth $17,104,000 after purchasing an additional 5,149 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 9.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,264 shares of the company’s stock valued at $4,500,000 after purchasing an additional 2,526 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Royal Caribbean Cruises by 15.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 40,940 shares of the company’s stock valued at $6,502,000 after buying an additional 5,539 shares during the last quarter. Finally, Pitti Group Wealth Management LLC increased its holdings in Royal Caribbean Cruises by 7.6% in the 2nd quarter. Pitti Group Wealth Management LLC now owns 3,396 shares of the company’s stock worth $541,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of several research analyst reports. Mizuho upped their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.31.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $173.99 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $174.48. The stock has a market cap of $44.78 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.49 and a beta of 2.61. The company’s 50 day moving average is $160.46 and its two-hundred day moving average is $149.22.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

Royal Caribbean Cruises 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.