Insider Selling: AOL EVP Sells 12,319 Shares of Stock (AOL)
AOL (NYSE:AOL) EVP Julie M. Jacobs sold 12,319 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $43.46, for a total transaction of $535,383.74. Following the completion of the sale, the executive vice president now directly owns 34,124 shares of the company’s stock, valued at approximately $1,483,029. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of AOL (NYSE:AOL) traded up 0.21% on Tuesday, hitting $43.30. The stock had a trading volume of 628,240 shares. 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 $40.92 and a 200-day moving average of $40.93. The company has a market cap of $3.406 billion and a P/E ratio of 47.43.
AOL (NYSE:AOL) last posted its quarterly 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.
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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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.
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