D.A. Davidson & CO. Grows Stock Holdings in Alaska Air Group, Inc. $ALK

D.A. Davidson & CO. boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 6.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 211,016 shares of the transportation company’s stock after purchasing an additional 12,695 shares during the period. D.A. Davidson & CO.’s holdings in Alaska Air Group were worth $7,761,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Capital Research Global Investors lifted its holdings in Alaska Air Group by 86.8% in the fourth 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in Alaska Air Group by 19,661.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after buying an additional 1,229,647 shares in the last quarter. Jain Global LLC purchased a new stake in Alaska Air Group during the fourth quarter worth $53,683,000. BNP Paribas Financial Markets grew 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 valued at $54,378,000 after buying an additional 1,026,710 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Alaska Air Group in the third quarter valued at $48,583,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

NYSE ALK opened at $45.50 on Friday. The stock has a fifty day simple moving average of $45.82 and a 200-day simple moving average of $46.03. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The stock has a market cap of $5.07 billion, a PE ratio of 85.84 and a beta of 1.28. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last posted 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 during 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%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts anticipate that Alaska Air Group, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ALK. The Goldman Sachs Group restated a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Susquehanna increased their price target on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday, April 17th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.12.

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.