Insider Selling: Matthew B. Kelpy Sells 5,475 Shares of AOL Stock (AOL)
AOL (NYSE:AOL) Insider Matthew B. Kelpy sold 5,475 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $43.56, for a total transaction of $238,491.00. Following the completion of the sale, the insider now directly owns 16,546 shares of the company’s stock, valued at approximately $720,744. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on AOL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AOL in a research note on Thursday, August 7th. They now have a $46.00 price target on the stock, up previously from $42.00. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of AOL in a research note on Thursday, August 7th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Cantor Fitzgerald upgraded shares of AOL from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $50.00 price target on the stock, up previously from $47.00. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. AOL presently has an average rating of “Buy” and an average target price of $49.47.
Shares of AOL (NYSE:AOL) traded down 0.02% during mid-day trading on Wednesday, hitting $43.76. 563,937 shares of the company’s stock traded hands. AOL has a 52 week low of $32.19 and a 52 week high of $53.28. The stock has a 50-day moving average of $40.66 and a 200-day moving average of $41.10. The company has a market cap of $3.443 billion and a price-to-earnings ratio of 48.05.
AOL (NYSE:AOL) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.10. The company had revenue of $606.80 million for the quarter, compared to the consensus estimate of $595.51 million. During the same quarter last year, the company posted $0.35 earnings per share. AOL’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that AOL will post $2.05 EPS for the current fiscal year.
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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