Royal Caribbean Cruises Ltd. (NYSE:RCL – GetRating) Directors Arne Alexander Wilhelmsen sold 396,990 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $60.24, for a total value of $23,914,677.60. Following the completion of the transaction, the director now directly owns 21,166,921 shares in the company, valued at $1,275,095,321.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arne Alexander Wilhelmsen also recently made the following trade(s):
- On Thursday, December 1st, Arne Alexander Wilhelmsen sold 522,289 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $61.23, for a total value of $31,979,755.47.
Royal Caribbean Cruises Stock Performance
RCL traded down $1.09 during trading on Monday, reaching $59.42. 3,806,712 shares of the company were exchanged, compared to its average volume of 5,714,268. The stock has a market cap of $15.16 billion, a P/E ratio of -5.02 and a beta of 2.41. The firm has a 50 day moving average of $51.37 and a 200 day moving average of $45.66. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 6.05. Royal Caribbean Cruises Ltd. has a 52 week low of $31.09 and a 52 week high of $90.55.
Royal Caribbean Cruises (NYSE:RCL – GetRating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3 billion. Royal Caribbean Cruises had a negative return on equity of 72.62% and a negative net margin of 41.73%. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post -7.67 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its stake in shares of Royal Caribbean Cruises by 5.6% in the first quarter. Capital International Investors now owns 28,886,916 shares of the company’s stock worth $2,419,663,000 after purchasing an additional 1,524,412 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 1.4% in the first quarter. Vanguard Group Inc. now owns 23,355,449 shares of the company’s stock worth $1,956,721,000 after purchasing an additional 314,385 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Royal Caribbean Cruises by 29.8% in the third quarter. Primecap Management Co. CA now owns 6,776,061 shares of the company’s stock worth $256,813,000 after purchasing an additional 1,554,600 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Royal Caribbean Cruises by 31.8% in the first quarter. Neuberger Berman Group LLC now owns 3,232,746 shares of the company’s stock worth $270,748,000 after purchasing an additional 779,704 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of Royal Caribbean Cruises by 1,314.9% in the first quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after purchasing an additional 2,564,035 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. StockNews.com raised Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, November 29th. Credit Suisse Group cut their target price on Royal Caribbean Cruises from $135.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. UBS Group upped their price target on Royal Caribbean Cruises from $56.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, November 14th. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $63.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, November 21st. Finally, Truist Financial upped their price target on Royal Caribbean Cruises from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $69.69.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.
read more
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Royal Caribbean Cruises, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Royal Caribbean Cruises wasn’t on the list.
While Royal Caribbean Cruises currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
