Arne Alexander Wilhelmsen Sells 139,353 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 19th, Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $241.49 on Friday. The company has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.62 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $103.61 and a fifty-two week high of $242.20. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a fifty day moving average price of $201.02 and a 200-day moving average price of $171.29.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.85 earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on RCL. Wells Fargo & Company boosted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Monday, November 18th. Mizuho lifted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial raised their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group increased their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently added to or reduced their stakes in RCL. Wedge Capital Management L L P NC raised its holdings in shares of Royal Caribbean Cruises by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock worth $51,349,000 after buying an additional 7,298 shares in the last quarter. QRG Capital Management Inc. raised its stake in Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares in the last quarter. Souders Financial Advisors bought a new position in shares of Royal Caribbean Cruises in the third quarter worth about $800,000. Swiss National Bank boosted its stake in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $611,000. 87.53% of the stock is currently owned by institutional investors.

About Royal Caribbean Cruises

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.