1. Delta Air lines, Inc. (NYSE:DAL)
Number of Hedge Fund Holders: 49
Delta Air Lines, Inc. (NYSE:DAL) is a major airlines firm based in Georgia. Owning and operating a fleet of over 1,110 aircraft, the company provides air travel services to over 300 destination in 60 countries. Delta Air Lines, Inc. (NYSE:DAL) has a market capitalization of $28.48 billion, and is ranked first on our list of the 9 best airline stocks to buy according to hedge funds.
On July 14, Delta Air Lines, Inc. (NYSE:DAL) released its quarterly earnings report, with declared EPS of -$1.07, crossing market estimates by $0.32. The revenue for the quarter was reported at $7.13 billion, an increase of 385.42% on a year-over-year basis, surpassing the forecast revenue by $858.07 million.
On August 11, Redburn analyst James Goodall initiated coverage of Delta Air Lines, Inc. (NYSE:DAL) with a Neutral rating on the company shares.
By the end of the second quarter of 2021, 49 hedge funds out of the 873 tracked by Insider Monkey held stakes in Delta Air Lines, Inc. (NYSE:DAL) worth $1.2 billion. This is compared to 50 hedge funds in the preceding quarter with a total stake value of approximately $1.09 billion.
Out of the hedge funds being tracked by Insider Monkey, London-based Lansdowne Partners is among the leading shareholders of Delta Air Lines, Inc. (NYSE:DAL), with over 4.58 million shares worth more than $198.5 million.
See also 10 Best Biotech Stocks To Invest In and 10 Best Dividend Stocks Under $20.
