Royal Caribbean CEO Jason Liberty sells $15.19 million in stock

Published 21/02/2025, 03:12
Royal Caribbean CEO Jason Liberty sells $15.19 million in stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CEO Jason Liberty recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Liberty sold a total of 58,000 shares of Royal Caribbean common stock on February 18, 2025. The transactions were executed at prices ranging from $260.54 to $265.13 per share, amounting to a total value of approximately $15.19 million. The sale comes as the company’s stock has shown remarkable performance, with a 113% return over the past year. InvestingPro analysis indicates the stock is currently trading near its 52-week high of $277.08.

Following these transactions, Liberty retains ownership of 143,214 shares in the company. The sales were conducted in multiple transactions, with weighted-average prices reflecting the range of sale prices. The company, headquartered in Miami, continues to be a major player in the water transportation industry, with a market capitalization of $65.32 billion. According to InvestingPro, analysts maintain a bullish outlook with a consensus target suggesting further upside potential. Get access to 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.

In other recent news, Royal Caribbean Cruises reported a significant increase in revenue, with fourth-quarter 2024 earnings up 12.91% year-over-year to $3.76 billion and full-year revenue rising 18.59% to a record $16.49 billion. Tigress Financial Partners has responded by maintaining a Buy rating and raising the 12-month price target to $330, citing strong performance and positive guidance for 2025. Similarly, UBS increased its price target to $301, attributing the adjustment to new private destinations and a revised earnings projection. Macquarie also lifted its target to $300, following a robust fourth-quarter performance that exceeded expectations for earnings per share and net yield growth.

S&P Global Ratings upgraded Royal Caribbean’s credit rating to ’BBB-’ from ’BB+’, highlighting strong forward bookings and anticipated improvements in credit measures. The company has reportedly sold over two-thirds of its 2025 capacity, providing visibility on future revenue. Analysts from Macquarie noted that Royal Caribbean’s liquidity remains strong at $4.1 billion, supporting its capital expenditure plans for fiscal year 2025.

In addition to these financial metrics, Royal Caribbean announced the launch of Celebrity River Cruises, which will expand its offerings into the river cruise market. The company plans to begin accepting bookings this year, with the first sailings expected in 2027. This expansion is projected to enhance yields, according to Royal Caribbean’s forecasts.

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