Insider Selling: AOL CEO Sells 34,845 Shares of Stock (AOL)
AOL (NYSE:AOL) CEO Donald Rosenthal unloaded 34,845 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $43.62, for a total transaction of $1,519,938.90. Following the completion of the sale, the chief executive officer now directly owns 20,148 shares in the company, valued at approximately $878,856. The transaction was disclosed in a document filed with the SEC, which is available at this link.
AOL (NYSE:AOL) traded down 0.44% on Friday, hitting $43.46. 625,553 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 $40.80 and a 200-day moving average of $41.09. The company has a market cap of $3.419 billion and a price-to-earnings ratio of 47.91.
AOL (NYSE:AOL) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that AOL will post $2.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. AOL currently has a consensus rating of “Buy” and an average target price of $49.47.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings, and a global audience.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.