Delta Air Lines stock is trading -32.03% below its average target price of $54.53 after dropping -2.7% during today's afternoon session. Analysts are giving the large-cap Airlines company an average rating of buy and target prices ranging from $45.0 to $77.0 per share.
The stock has an average amount of shares sold short at 2.5%, 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 71.1% 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 | $2,672,383,250 |
| 2023-09-30 | Blackrock Inc. | 6% | 37,761,271 | $1,399,621,457 |
| 2023-09-30 | Primecap Management Company | 3% | 22,249,768 | $824,687,620 |
| 2023-09-30 | State Street Corporation | 3% | 21,751,727 | $806,227,731 |
| 2023-09-30 | Capital International Investors | 3% | 19,247,646 | $713,413,972 |
| 2023-09-30 | Capital World Investors | 2% | 14,901,306 | $552,316,886 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 13,806,711 | $511,745,724 |
| 2023-09-30 | Morgan Stanley | 2% | 10,839,122 | $401,752,042 |
| 2023-09-30 | Newport Trust Company, LLC | 2% | 10,425,433 | $386,418,659 |
| 2023-09-30 | FMR, LLC | 2% | 9,727,038 | $360,532,650 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Delta Air Lines.
