Goldman Sachs Group Inc. Has $129.87 Million Stock Holdings in Alaska Air Group, Inc. $ALK

Key Points

• Goldman Sachs Group Inc. significantly increased its stake in Alaska Air Group by 249.1%, holding approximately 2.15% of the company valued at $129.87 million.
• Several institutional investors also boosted their positions, with Point72 Asset Management increasing its holdings by 134.0% and others by over 600% during the first quarter.
• Equity analysts have raised their price targets for Alaska Air Group, with a consensus target price of $68.00 and a recommendation to buy from twelve analysts.

Goldman Sachs Group Inc. increased its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 249.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,638,464 shares of the transportation company's stock after purchasing an additional 1,882,598 shares during the period. Goldman Sachs Group Inc. owned approximately 2.15% of Alaska Air Group worth $129,865,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ALK. Point72 Asset Management L.P. grew its stake in shares of Alaska Air Group by 134.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock valued at $138,191,000 after purchasing an additional 1,222,277 shares during the period. SG Americas Securities LLC raised its stake in Alaska Air Group by 707.9% during the first quarter. SG Americas Securities LLC now owns 474,005 shares of the transportation company's stock worth $23,331,000 after acquiring an additional 415,334 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Alaska Air Group by 630.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 442,038 shares of the transportation company's stock worth $21,757,000 after acquiring an additional 381,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alaska Air Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock valued at $94,028,000 after acquiring an additional 321,505 shares during the period. Finally, Lodge Hill Capital LLC acquired a new stake in shares of Alaska Air Group in the 1st quarter valued at $15,006,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Trading Up 2.1%

Shares of ALK traded up $1.20 during trading hours on Wednesday, reaching $58.80. The stock had a trading volume of 508,528 shares, compared to its average volume of 3,096,093. Alaska Air Group, Inc. has a 52 week low of $39.10 and a 52 week high of $78.08. The firm has a 50-day moving average of $56.64 and a 200 day moving average of $52.46. The company has a market cap of $6.78 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.64 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $2.55 earnings per share. Alaska Air Group's revenue was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the sale, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the transaction, the senior vice president directly owned 20,917 shares of the company's stock, valued at $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,514 shares of company stock valued at $1,031,306 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALK has been the subject of several analyst reports. Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. Evercore ISI cut their target price on shares of Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday. UBS Group raised Alaska Air Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Barclays raised their price target on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research note on Monday, August 25th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $71.92.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.