Alaska Air Group, Inc. $ALK Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,948,776 shares of the transportation company’s stock after selling 808,245 shares during the period. Vanguard Group Inc. owned about 9.50% of Alaska Air Group worth $545,030,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MAI Capital Management raised its position in shares of Alaska Air Group by 80.5% during the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after purchasing an additional 280 shares during the period. AlphaQuest LLC bought a new position in Alaska Air Group during the third quarter valued at about $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares in the last quarter. Country Trust Bank acquired a new stake in shares of Alaska Air Group during the 3rd quarter valued at $45,000. Finally, Rexford Capital Inc. acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $49,000. Institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the sale, the executive vice president directly owned 20,977 shares in the company, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the transaction, the chief financial officer directly owned 43,377 shares in the company, valued at approximately $2,478,995.55. This trade represents a 35.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 56,945 shares of company stock valued at $3,204,569. 0.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on ALK shares. Susquehanna boosted their price target on shares of Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. TD Cowen decreased their price target on shares of Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Cantor Fitzgerald set a $63.00 price target on Alaska Air Group in a research report on Friday, January 30th. Finally, Wall Street Zen raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.40.

Alaska Air Group Stock Performance

NYSE:ALK opened at $52.54 on Wednesday. The stock has a 50 day simple moving average of $52.14 and a 200 day simple moving average of $51.07. The stock has a market cap of $6.02 billion, a P/E ratio of 60.39, a PEG ratio of 0.45 and a beta of 1.21. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $73.98. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Alaska Air Group Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.