BNP Paribas Financial Markets Sells 733,256 Shares of Alaska Air Group, Inc. $ALK

BNP Paribas Financial Markets reduced its position in Alaska Air Group, Inc. (NYSE:ALK) by 67.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,112 shares of the transportation company’s stock after selling 733,256 shares during the quarter. BNP Paribas Financial Markets’ holdings in Alaska Air Group were worth $18,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group during the third quarter worth $28,000. AlphaQuest LLC acquired a new stake in shares of Alaska Air Group in the third quarter valued at $34,000. Smartleaf Asset Management LLC increased its stake in shares of Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after buying an additional 253 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Alaska Air Group by 34.2% in the third quarter. Bessemer Group Inc. now owns 1,588 shares of the transportation company’s stock valued at $79,000 after buying an additional 405 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Price Performance

Shares of ALK stock opened at $43.00 on Friday. The stock has a 50-day moving average price of $40.36 and a 200 day moving average price of $45.60. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 81.13 and a beta of 1.29. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business earned ($0.77) earnings per share. Alaska Air Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts expect that Alaska Air Group, Inc. will post -1.01 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALK shares. Evercore set a $60.00 target price on Alaska Air Group in a research note on Friday, April 17th. TD Cowen restated a “buy” rating on shares of Alaska Air Group in a research note on Friday. Susquehanna lowered their target price on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. BMO Capital Markets raised their target price on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Alaska Air Group Company 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.