JPMorgan Chase & Co. Increases Position in Alaska Air Group, Inc. $ALK

Key Points

• JPMorgan increased its stake in Alaska Air Group by 29.1% during Q3 to 206,172 shares (about 0.18% ownership), valuing its position at roughly $10.26 million.
• Insider selling is notable: the CFO sold 24,000 shares and an EVP sold 5,500, with insiders offloading 56,945 shares (~$3.2 million) in the past 90 days and now owning about 1% of the stock.
• Analysts are mixed but overall rate ALK a "Moderate Buy" with an average price target of $64.82, while the shares trade near $36.21 (down 7%), and the company set FY2026 EPS guidance of 3.50–6.50 with Q1 guidance at -1.50–-0.50.

JPMorgan Chase & Co. increased its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 29.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,172 shares of the transportation company's stock after acquiring an additional 46,445 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of Alaska Air Group worth $10,263,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Alaska Air Group by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company's stock worth $312,280,000 after purchasing an additional 56,225 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Alaska Air Group by 18.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company's stock valued at $118,203,000 after purchasing an additional 368,511 shares during the period. AQR Capital Management LLC increased its stake in Alaska Air Group by 10.1% in the second quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company's stock valued at $71,809,000 after purchasing an additional 134,141 shares during the last quarter. Par Capital Management Inc. increased its stake in Alaska Air Group by 4.1% in the second quarter. Par Capital Management Inc. now owns 1,119,302 shares of the transportation company's stock valued at $55,383,000 after purchasing an additional 43,726 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Alaska Air Group by 1,563.7% during the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company's stock worth $54,378,000 after buying an additional 1,026,710 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 24,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares of the company's stock, valued at $2,478,995.55. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the sale, the executive vice president owned 30,828 shares in the company, valued at $1,745,789.64. This represents a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on ALK. Citigroup lowered their price target on Alaska Air Group from $69.00 to $51.00 and set a "buy" rating for the company in a report on Friday, March 20th. TD Cowen cut their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, March 9th. Raymond James Financial reissued an "outperform" rating and issued a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. BMO Capital Markets started coverage on shares of Alaska Air Group in a report on Tuesday, March 24th. They issued an "outperform" rating and a $50.00 target price for the company. Finally, Weiss Ratings raised shares of Alaska Air Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $64.82.

Alaska Air Group Stock Down 7.0%

Shares of Alaska Air Group stock opened at $36.21 on Friday. Alaska Air Group, Inc. has a twelve month low of $35.89 and a twelve month high of $65.88. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 41.62, a price-to-earnings-growth ratio of 0.38 and a beta of 1.17. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a fifty day moving average price of $48.56 and a 200 day moving average price of $48.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's 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. Equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal 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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