Insider Selling: Alaska Air Group VP Unloads 1,400 Shares of Stock (ALK)
Alaska Air Group (NYSE:ALK) VP Joseph Sprague unloaded 1,400 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.23, for a total transaction of $98,322.00. Following the completion of the sale, the vice president now directly owns 9,322 shares of the company’s stock, valued at approximately $654,684. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Alaska Air Group (NYSE:ALK) traded down 0.06% on Monday, hitting $70.11. The stock had a trading volume of 523,431 shares. Alaska Air Group has a 52 week low of $32.69 and a 52 week high of $68.00. The stock’s 50-day moving average is $59.53 and its 200-day moving average is $58.8. The company has a market cap of $4.883 billion and a price-to-earnings ratio of 10.53.
Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 24th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.23. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $2.09 earnings per share. Alaska Air Group’s revenue was up 22.4% compared to the same quarter last year. Analysts expect that Alaska Air Group will post $5.17 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Alaska Air Group from $73.00 to $78.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $67.00 to $70.50 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Alaska Air Group in a research note to investors on Friday. They set an “outperform” rating and a $83.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.32.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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