This overnight we watched Delta Air Lines rise 3.6% to a price of $40.34 per share. The large-cap Airlines company is now trading -24.56% below its average target price of $53.47. 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 2.9%, and a short ratio of 1.57. 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 11% | 72,099,915 | $2,908,510,582 |
| 2023-09-30 | Blackrock Inc. | 6% | 37,761,271 | $1,523,289,677 |
| 2023-09-30 | Primecap Management Company | 3% | 22,249,768 | $897,555,644 |
| 2023-09-30 | State Street Corporation | 3% | 21,751,727 | $877,464,670 |
| 2023-09-30 | Capital International Investors | 3% | 19,247,646 | $776,450,042 |
| 2023-09-30 | Capital World Investors | 2% | 14,901,306 | $601,118,686 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 13,806,711 | $556,962,723 |
| 2023-09-30 | Morgan Stanley | 2% | 10,839,122 | $437,250,183 |
| 2023-09-30 | Newport Trust Company, LLC | 2% | 10,425,433 | $420,561,968 |
| 2023-09-30 | FMR, LLC | 2% | 9,727,038 | $392,388,714 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Delta Air Lines.
