AOL EVP Julie Jacobs Sells 1,397 Shares (AOL)
AOL (NYSE:AOL) EVP Julie Jacobs unloaded 1,397 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.62, for a total transaction of $62,334.14. Following the transaction, the executive vice president now directly owns 39,981 shares of the company’s stock, valued at approximately $1,783,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on AOL. Analysts at Telsey Advisory Group raised their price target on shares of AOL from $52.00 to $60.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Separately, analysts at Zacks upgraded shares of AOL from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, November 26th. They now have a $47.60 price target on the stock. Finally, analysts at RBC Capital downgraded shares of AOL from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, November 25th. They now have a $46.00 price target on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.54.
AOL (NYSE:AOL) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.33. The company had revenue of $561.00 million for the quarter, compared to the consensus estimate of $548.81 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings and a global audience.
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