Hsbc Holdings PLC Grows Position in Alaska Air Group, Inc. $ALK

Hsbc Holdings PLC raised its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 144.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,257 shares of the transportation company’s stock after acquiring an additional 49,762 shares during the period. Hsbc Holdings PLC’s holdings in Alaska Air Group were worth $4,234,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Generate Investment Management Ltd bought a new position in shares of Alaska Air Group during the fourth quarter valued at about $40,240,000. ARGA Investment Management LP grew its position in Alaska Air Group by 200.3% in the 4th quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after purchasing an additional 503,167 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Alaska Air Group in the 3rd quarter worth about $4,194,000. Private Advisory Group LLC bought a new stake in Alaska Air Group in the 4th quarter worth about $11,391,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Alaska Air Group by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after buying an additional 588,119 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALK shares. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. BMO Capital Markets increased their price target on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. TD Cowen reiterated a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Morgan Stanley cut their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Bank of America upped their price objective on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.12.

Alaska Air Group Stock Performance

NYSE:ALK opened at $50.10 on Friday. The company has a market capitalization of $5.58 billion, a P/E ratio of 94.54 and a beta of 1.28. The business has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $46.17. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, analysts expect that Alaska Air Group, Inc. will post -0.4 earnings per share 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.