First Trust Direct Indexing L.P. Sells 261 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

First Trust Direct Indexing L.P. cut its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,293 shares of the company’s stock after selling 261 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Royal Caribbean Cruises were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its position in shares of Royal Caribbean Cruises by 303.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 89,930 shares of the company’s stock worth $8,286,000 after acquiring an additional 67,657 shares during the last quarter. Raymond James & Associates lifted its stake in Royal Caribbean Cruises by 11.7% in the 3rd quarter. Raymond James & Associates now owns 77,250 shares of the company’s stock worth $7,118,000 after purchasing an additional 8,093 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Royal Caribbean Cruises by 16.0% during the 3rd quarter. Independent Advisor Alliance now owns 8,224 shares of the company’s stock valued at $758,000 after purchasing an additional 1,132 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Royal Caribbean Cruises by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock valued at $141,303,000 after purchasing an additional 10,095 shares during the last quarter. Finally, Forsta AP Fonden grew its position in shares of Royal Caribbean Cruises by 65.9% during the third quarter. Forsta AP Fonden now owns 14,100 shares of the company’s stock valued at $1,299,000 after purchasing an additional 5,600 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on RCL shares. Barclays raised their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.71.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Insiders have sold 71,697 shares of company stock worth $9,749,357 in the last ninety days. 8.70% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Up 0.6 %

NYSE RCL opened at $138.21 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $70.58 and a 12 month high of $143.62. The company’s 50-day moving average price is $131.98 and its 200-day moving average price is $118.89. The stock has a market cap of $35.57 billion, a PE ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.13 earnings per share for the current year.

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.