After this afternoon's 2.5% surge to $168.29 per share, Royal Caribbean Cruises might just keep moving past its target price of $168.15. With an average analyst rating of buy, and target prices from $140.0 to $204.0, the stock's next move is anyone's guess.
Royal Caribbean Cruises has an average level of shares sold short, at 9.0% of its total share float. The stock's short ratio (also called days to cover) is 8.1. The company's insiders own 7.88% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 81.9% of Royal Caribbean Cruises's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Royal Caribbean Cruises
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Capital International Investors | 12% | 29,596,455 | $4,980,787,213 |
| 2024-03-31 | Capital Research Global Investors | 11% | 29,300,614 | $4,931,000,133 |
| 2024-03-31 | Vanguard Group Inc | 10% | 25,409,272 | $4,276,126,214 |
| 2024-03-31 | Blackrock Inc. | 6% | 16,380,006 | $2,756,591,099 |
| 2024-03-31 | State Street Corporation | 3% | 8,822,525 | $1,484,742,673 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 5,394,981 | $907,921,316 |
| 2024-03-31 | Primecap Management Company | 2% | 5,001,265 | $841,662,853 |
| 2024-03-31 | Capital World Investors | 2% | 4,829,122 | $812,692,908 |
| 2024-03-31 | Shaw D.E. & Co., Inc. | 2% | 4,339,278 | $730,257,065 |
| 2024-03-31 | JP Morgan Chase & Company | 1% | 3,783,329 | $636,696,412 |
