65,242 Shares in Alaska Air Group, Inc. $ALK Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,242 shares of the transportation company’s stock, valued at approximately $3,389,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Alaska Air Group during the second quarter worth $1,407,000. Vanguard Group Inc. boosted its holdings in Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares during the period. Amundi bought a new stake in Alaska Air Group during the first quarter valued at $2,205,000. Brighton Jones LLC raised its holdings in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Alaska Air Group by 19,661.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after purchasing an additional 1,229,647 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Bank of America raised their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group restated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald set a $46.00 target price on Alaska Air Group in a research report on Monday, August 24th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Alaska Air Group Price Performance

NYSE ALK opened at $42.43 on Friday. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -27.03 and a beta of 1.29. The company has a 50-day moving average price of $47.44 and a two-hundred day moving average price of $44.95.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts forecast that Alaska Air Group, Inc. will post -1.76 EPS for the current year.

Insider Activity at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Benito Minicucci purchased 25,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by company insiders.

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.