Royal Caribbean Cruises Ltd. (NYSE:RCLGetRating) Directors Arne Alexander Wilhelmsen sold 9,762 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $58.00, for a total value of $566,196.00. Following the completion of the sale, the director now owns 21,157,159 shares of the company’s stock, valued at $1,227,115,222. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arne Alexander Wilhelmsen also recently made the following trade(s):

  • On Monday, December 12th, Arne Alexander Wilhelmsen sold 78,927 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $57.00, for a total value of $4,498,839.00.
  • On Monday, December 5th, Arne Alexander Wilhelmsen sold 396,990 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $60.24, for a total value of $23,914,677.60.
  • On Thursday, December 1st, Arne Alexander Wilhelmsen sold 522,289 shares of Royal Caribbean Cruises stock. The stock was sold at an average price of $61.23, for a total value of $31,979,755.47.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded up $0.79 during trading hours on Monday, reaching $57.00. The company had a trading volume of 3,080,825 shares, compared to its average volume of 5,658,458. The stock has a 50-day moving average of $53.12 and a two-hundred day moving average of $45.79. Royal Caribbean Cruises Ltd. has a one year low of $31.09 and a one year high of $90.55. The firm has a market capitalization of $14.55 billion, a PE ratio of -4.82 and a beta of 2.41. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 6.05.

Royal Caribbean Cruises (NYSE:RCLGetRating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Royal Caribbean Cruises had a negative return on equity of 72.62% and a negative net margin of 41.73%. The firm had revenue of $2.99 ​​billion for the quarter, compared to analysts’ expectations of $3 billion. Analysts forecast that Royal Caribbean Cruises Ltd. will post -7.72 earnings per share for the current year.

Institutional Trading of Royal Caribbean Cruises

A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 1.5% during the first quarter. Principal Financial Group Inc. now owns 275,887 shares of the company’s stock worth $23,114,000 after purchasing an additional 4,006 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Royal Caribbean Cruises by 35.1% during the first quarter. M&T Bank Corp now owns 8,047 shares of the company’s stock worth $676,000 after purchasing an additional 2,091 shares during the last quarter. Mirae Asset Global Investments Co.Ltd. its holdings in shares of Royal Caribbean Cruises grew by 28.0% during the first quarter. Mirae Asset Global Investments Co.Ltd. now owns 15,245 shares of the company’s stock worth $1,277,000 after purchasing an additional 3,333 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co.Ltd. lifted its stake in shares of Royal Caribbean Cruises by 11.3% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co.Ltd. now owns 129,003 shares of the company’s stock valued at $4,503,000 after acquiring an additional 13,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Royal Caribbean Cruises by 3.1% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 74,585 shares of the company’s stock valued at $2,603,000 after acquiring an additional 2,218 shares during the period. 67.41% of the stock is currently owned by institutional investors.

Analyst’s Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial upped their price target on Royal Caribbean Cruises from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 22nd. Barclays upped their price target on Royal Caribbean Cruises from $55.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, September 19th. Tigress Financial reiterated a “buy” rating and set a $80.00 price target on shares of Royal Caribbean Cruises in a report on Friday, October 21st. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, November 21st. Finally, Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Hold” and an average price target of $67.15.

About Royal Caribbean Cruises

(GetRating)

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.

Further Reading

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