Rakuten Securities Inc. Purchases Shares of 1,522 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Rakuten Securities Inc. purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, HoldingsChannel reports. The fund purchased 1,522 shares of the company’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. West Branch Capital LLC increased its holdings in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Royal Caribbean Cruises by 14.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after purchasing an additional 115 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.7% in the third quarter. Everhart Financial Group Inc. now owns 5,009 shares of the company’s stock worth $462,000 after purchasing an additional 133 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RCL has been the subject of several recent research reports. UBS Group lifted their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Susquehanna lifted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley boosted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $135.25.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.4 %

NYSE:RCL traded down $0.57 during trading hours on Wednesday, reaching $126.60. The company’s stock had a trading volume of 3,058,198 shares, compared to its average volume of 2,634,298. The company has a market capitalization of $32.50 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises Ltd. has a 12 month low of $59.37 and a 12 month high of $141.70. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a 50 day moving average price of $127.66 and a two-hundred day moving average price of $115.37.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.12) earnings per share. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 10.01 EPS for the current fiscal year.

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.