Amazon Com Inc. Purchases Shares of 149,317 Allegiant Travel Company $ALGT

Key Points

• Amazon acquired 149,317 shares of Allegiant Travel during the second quarter, valued at approximately $17.56 million. The position represents about 0.81% of Allegiant and 0.4% of Amazon’s investment portfolio.
• Institutional investors own approximately 85.81% of Allegiant Travel. Analysts maintain a “Moderate Buy” consensus, with nine Buy ratings, five Holds, one Sell, and an average price target of $127.
• Allegiant reported quarterly earnings of $2.19 per share, beating estimates of $1.27, while revenue rose 36.8% year over year to $943.49 million but fell short of expectations.

Amazon Com Inc. acquired a new position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 149,317 shares of the transportation company's stock, valued at approximately $17,560,000. Allegiant Travel makes up about 0.4% of Amazon Com Inc.'s investment portfolio, making the stock its 6th biggest position. Amazon Com Inc. owned about 0.81% of Allegiant Travel at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of Allegiant Travel during the second quarter valued at approximately $26,000. Alberta Investment Management Corp acquired a new position in shares of Allegiant Travel during the second quarter worth approximately $1,673,000. Bank of New York Mellon Corp bought a new position in shares of Allegiant Travel in the 2nd quarter worth $33,013,000. State of Wyoming bought a new position in shares of Allegiant Travel in the 2nd quarter worth $854,000. Finally, Oldfield Partners LLP grew its position in Allegiant Travel by 25.5% in the 2nd quarter. Oldfield Partners LLP now owns 12,991 shares of the transportation company's stock valued at $1,528,000 after purchasing an additional 2,636 shares during the period. Institutional investors own 85.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALGT. Wall Street Zen lowered shares of Allegiant Travel from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group raised their price objective on shares of Allegiant Travel from $103.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Morgan Stanley boosted their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They set an "overweight" rating and a $156.00 target price for the company. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.00.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $85.75 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 60.82, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. Allegiant Travel Company has a 52 week low of $53.70 and a 52 week high of $123.63. The firm has a 50-day moving average price of $101.13 and a two-hundred day moving average price of $92.48.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million for the quarter, compared to analysts' expectations of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company's quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. On average, equities analysts expect that Allegiant Travel Company will post 7.14 earnings per share for the current fiscal year.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.

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