Hsbc Holdings PLC Has $3.39 Million Stake in Alaska Air Group, Inc. $ALK

Key Points

• Hsbc Holdings PLC cut its Alaska Air Group stake by 65.2% in the second quarter, selling 122,254 shares and retaining 65,242 shares valued at approximately $3.39 million.
• Institutional investors and hedge funds own 81.9% of Alaska Air Group; BlackRock and Primecap Management initiated significant positions, while Capital Research Global Investors increased its stake by 86.8%.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $61.12 price target, despite the stock opening at $40.04 and the company reporting a quarterly loss of $0.92 per share.

Hsbc Holdings PLC lowered its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 65.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,242 shares of the transportation company's stock after selling 122,254 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Alaska Air Group worth $3,389,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Alaska Air Group in the 2nd quarter valued at approximately $606,307,000. Dimensional Fund Advisors LP increased its holdings in shares of Alaska Air Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company's stock worth $233,463,000 after buying an additional 145,484 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Alaska Air Group in the 2nd quarter valued at $168,467,000. Capital Research Global Investors lifted its stake in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company's stock valued at $159,720,000 after acquiring an additional 1,475,350 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Alaska Air Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company's stock valued at $108,166,000 after acquiring an additional 35,352 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Benito Minicucci bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew Harrison sold 5,300 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALK shares. Weiss Ratings cut Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. Cantor Fitzgerald set a $46.00 price target on Alaska Air Group in a report on Monday, August 24th. Barclays set a $65.00 price objective on Alaska Air Group and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $52.00 price objective (down from $60.00) on shares of Alaska Air Group in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.12.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $40.04 on Friday. The stock's 50 day moving average is $45.57 and its 200 day moving average is $43.93. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The firm has a market cap of $4.46 billion, a P/E ratio of -25.50 and a beta of 1.28. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts' consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, research analysts expect that Alaska Air Group, Inc. will post -1.74 EPS for the current year.

Alaska Air Group 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.

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