Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $106,083,768.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 119.80 on Wednesday. The firm has a 50-day moving average of $112.38 and a 200 day moving average of $103.07. The stock has a market capitalization of $25.77 billion, a price-to-earnings ratio of 16.81 and a beta of 1.06. Royal Caribbean Cruises Ltd. has a 52 week low of $65.10 and a 52 week high of $121.47.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $1.09 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current year.

Royal Caribbean Cruises declared that its board has approved a stock buyback program on Friday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its stake in Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Royal Caribbean Cruises during the first quarter worth $103,000. Oppenheimer Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the first quarter worth $119,000. Whittier Trust Co. boosted its stake in Royal Caribbean Cruises by 24.4% in the first quarter. Whittier Trust Co. now owns 1,266 shares of the company’s stock worth $124,000 after buying an additional 248 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock valued at $174,000 after buying an additional 1,453 shares during the period. 71.67% of the stock is owned by hedge funds and other institutional investors.

RCL has been the subject of a number of research reports. Wedbush upped their target price on shares of Royal Caribbean Cruises from $106.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a report on Monday, May 1st. Deutsche Bank AG dropped their price objective on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $119.50 price objective (up previously from $117.50) on shares of Royal Caribbean Cruises in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $117.23.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Insider Buying and Selling by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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