This afternoon we watched Delta Air Lines drop -4.5% to a price of $35.32 per share. The large-cap Airlines company is now trading -36.29% below its average target price of $55.44. Analysts have set target prices ranging from $43.0 to $77.0 per share for Delta Air Lines, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.4%, and a short ratio of 1.97. The company's insiders own 0.34% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 69.9% of Delta Air Lines's shares being owned by this investor type.
Institutions Invested in Delta Air Lines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 11% | 72,471,123 | $2,559,672,854 |
| 2023-06-30 | Blackrock Inc. | 6% | 39,891,048 | $1,408,947,846 |
| 2023-06-30 | Capital World Investors | 4% | 26,563,427 | $938,217,598 |
| 2023-06-30 | Primecap Management Company | 3% | 22,343,868 | $789,183,194 |
| 2023-06-30 | State Street Corporation | 3% | 22,150,815 | $782,364,582 |
| 2023-06-30 | Capital International Investors | 3% | 19,665,620 | $694,587,741 |
| 2023-06-30 | FMR, LLC | 2% | 13,670,966 | $482,857,159 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 13,493,033 | $476,572,583 |
| 2023-06-30 | Newport Trust Company, LLC | 2% | 10,425,433 | $368,225,256 |
| 2023-06-30 | Morgan Stanley | 2% | 9,973,376 | $352,258,648 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Delta Air Lines.
