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Rahul D. Samant, Executive Vice President and Chief Information Officer at Delta Air Lines, Inc. (NYSE:DAL), recently sold a substantial portion of his holdings in the company. According to a recent SEC filing, Samant sold 17,970 shares of Delta’s common stock on February 5, 2025. The shares were sold at prices ranging from $69.066 to $69.088, amounting to a total of approximately $1.24 million. The sale comes as Delta’s stock trades near its 52-week high of $69.98, having delivered an impressive 70.73% return over the past year. According to InvestingPro, analysts maintain a Strong Buy consensus on the stock.
In addition to the sales, Samant executed stock options, acquiring 11,270 shares at a price of $49.33 each, totaling about $555,949. Furthermore, he received 16,900 shares of restricted common stock as part of Delta’s long-term incentive program, which were granted at no cost. Delta, currently valued at $43.69 billion, trades at a P/E ratio of 12.63 and maintains a GREAT financial health score according to InvestingPro’s comprehensive analysis, which includes 8 additional key insights available to subscribers.
Following these transactions, Samant now holds 90,812 shares of Delta stock directly. These moves reflect a strategic adjustment in his equity position within the company. Based on InvestingPro’s Fair Value analysis, Delta’s stock currently shows modest upside potential, with detailed valuation metrics available in the Pro Research Report.
In other recent news, United Airlines reported robust financial performance for the fourth quarter, with earnings per share (EPS) of $3.26 and revenue of $14.7 billion, exceeding Wall Street expectations. This strong report has cast a positive light on the sector, leading to increased confidence in airline stocks. Meanwhile, Delta Air Lines had to cancel around 400 flights due to freezing weather conditions, indicating potential operational challenges.
On the analyst front, Delta Air Lines received an upgrade from Citi analysts who raised the price target to $80 from the previous $77 while maintaining a Buy rating. The new target reflects expectations for higher revenue per available seat mile (RASM), among other factors. Bernstein analysts also maintained a positive outlook on Delta Air Lines, reasserting an Outperform rating with a steady price target of $75.00, driven by premium revenue gains.
In terms of industry-wide developments, shares of major U.S. airlines, including United Airlines, American Airlines (NASDAQ:AAL), Delta Air Lines, and JetBlue Airways (NASDAQ:JBLU), declined amid rising oil prices due to new tariffs. This increase in operating costs has led investors to reassess the financial outlook for the sector. These recent developments underline the interconnectedness of the airline industry and the various factors influencing its performance.
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