JPMorgan Chase & Co. Purchases 46,445 Shares of Alaska Air Group, Inc. $ALK

JPMorgan Chase & Co. raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,172 shares of the transportation company’s stock after buying an additional 46,445 shares during the period. JPMorgan Chase & Co. owned 0.18% of Alaska Air Group worth $10,263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Empowered Funds LLC lifted its holdings in Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after acquiring an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after purchasing an additional 152,953 shares during the last quarter. Intech Investment Management LLC purchased a new position in Alaska Air Group in the first quarter worth $1,318,000. Finally, Assetmark Inc. grew its stake in Alaska Air Group by 2,162.3% in the 2nd quarter. Assetmark Inc. now owns 1,380 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,319 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Shares of ALK opened at $42.36 on Friday. Alaska Air Group, Inc. has a 1 year low of $37.63 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The stock’s fifty day moving average price is $51.81 and its two-hundred day moving average price is $50.77. The firm has a market cap of $4.86 billion, a PE ratio of 48.69, a PEG ratio of 0.39 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. 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. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total value of $311,465.00. Following the sale, the executive vice president owned 30,828 shares of the company’s stock, valued at $1,745,789.64. The trade was a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,945 shares of company stock valued at $3,204,569 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Susquehanna raised their target price on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, January 9th. Barclays reissued an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Weiss Ratings lowered shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. Citigroup reaffirmed a “buy” rating and issued a $69.00 price objective (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Finally, UBS Group set a $77.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $71.40.

About Alaska Air Group

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.