Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,575 shares of the transportation company's stock after selling 34,814 shares during the period. Prudential Financial Inc. owned approximately 0.18% of Alaska Air Group worth $14,412,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Alaska Air Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock valued at $883,959,000 after buying an additional 56,409 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Alaska Air Group in the fourth quarter valued at $434,000. AXQ Capital LP purchased a new position in shares of Alaska Air Group in the fourth quarter valued at $867,000. Millstone Evans Group LLC bought a new stake in Alaska Air Group in the fourth quarter worth $76,000. Finally, Wayfinding Financial LLC purchased a new stake in Alaska Air Group during the fourth quarter valued at $259,000. 81.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 91,745 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total value of $6,526,739.30. Following the completion of the transaction, the executive vice president now owns 20,638 shares of the company's stock, valued at $1,468,187.32. The trade was a 81.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Andrea L. Schneider sold 1,830 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the sale, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,487,369.52. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 154,725 shares of company stock valued at $11,217,263 over the last three months. 0.68% of the stock is owned by company insiders.

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Alaska Air Group Trading Down 0.4 %

Shares of NYSE:ALK traded down $0.18 during trading on Tuesday, reaching $49.04. 2,980,219 shares of the company were exchanged, compared to its average volume of 2,537,059. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market capitalization of $6.02 billion, a PE ratio of 16.08, a P/E/G ratio of 0.43 and a beta of 1.50. The business's fifty day simple moving average is $65.33 and its 200-day simple moving average is $57.79. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ALK shares. JPMorgan Chase & Co. lifted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Susquehanna upgraded Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price target for the company in a research report on Tuesday, January 7th. Bank of America upped their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

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.