Elevation Point Wealth Partners LLC Purchases Shares of 21,720 Royal Caribbean Cruises Ltd. $RCL

Elevation Point Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,720 shares of the company’s stock, valued at approximately $6,929,000.

Several other institutional investors have also recently made changes to their positions in RCL. Alta Advisers Ltd purchased a new position in shares of Royal Caribbean Cruises in the second quarter worth approximately $301,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $4,702,000. Commerce Bank purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $15,885,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $3,851,000. Finally, Varma Mutual Pension Insurance Co purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $13,099,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $292.29 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $232.10 and a 12 month high of $366.50. The stock has a market cap of $78.17 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.00 and a beta of 1.77. The company’s 50 day moving average is $304.42 and its two-hundred day moving average is $291.73. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.23. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.38 earnings per share. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RCL shares. Truist Financial decreased their price target on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. UBS Group reaffirmed a “buy” rating and issued a $367.00 target price on shares of Royal Caribbean Cruises in a report on Monday, August 3rd. TD Cowen decreased their target price on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Zacks Research upgraded Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $353.40.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the transaction, the chief executive officer owned 45,297 shares in the company, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.44% of the stock is owned by insiders.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.