SVB Wealth LLC Sells 969 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

SVB Wealth LLC trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,990 shares of the company’s stock after selling 969 shares during the quarter. SVB Wealth LLC’s holdings in Royal Caribbean Cruises were worth $4,013,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RCL. Bison Wealth LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $231,000. Lecap Asset Management Ltd. bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $558,000. Louisiana State Employees Retirement System bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $1,852,000. Simplicity Solutions LLC raised its stake in Royal Caribbean Cruises by 0.9% in the fourth quarter. Simplicity Solutions LLC now owns 22,961 shares of the company’s stock valued at $2,973,000 after purchasing an additional 197 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $1,286,000. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

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

Analyst Ratings Changes

A number of equities analysts have commented on RCL shares. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Wells Fargo & Company boosted their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, Argus boosted their price target on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $135.25.

Royal Caribbean Cruises Stock Down 0.4 %

NYSE:RCL opened at $126.63 on Wednesday. The firm’s 50-day moving average price is $127.66 and its 200-day moving average price is $115.37. The company has a market capitalization of $32.50 billion, a PE ratio of 20.36, a P/E/G ratio of 0.46 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1-year low of $59.37 and a 1-year high of $141.70.

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

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, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.