Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $895,868.09 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 213,811 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $4.19, for a total value of $895,868.09. Following the completion of the transaction, the director now directly owns 8,910,854 shares in the company, valued at approximately $37,336,478.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Chinh Chu also recently made the following trade(s):

• On Monday, March 25th, Chinh Chu sold 117,739 shares of Getty Images stock. The shares were sold at an average price of $4.14, for a total value of $487,439.46.
• On Friday, March 22nd, Chinh Chu sold 95,924 shares of Getty Images stock. The shares were sold at an average price of $4.39, for a total value of $421,106.36.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The shares were sold at an average price of $4.95, for a total value of $1,180,674.00.

Getty Images Stock Performance

Shares of NYSE GETY traded down $0.11 during trading on Thursday, hitting $4.15. The company had a trading volume of 694,226 shares, compared to its average volume of 404,889. The stock has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.99. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. Getty Images Holdings, Inc. has a 12 month low of $3.65 and a 12 month high of $8.18. The firm has a market capitalization of $1.68 billion, a P/E ratio of 104.25 and a beta of 2.15.

Getty Images (NYSE:GETY) last issued its earnings results on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $225.94 million for the quarter, compared to the consensus estimate of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. As a group, analysts anticipate that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark increased their target price on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, March 15th. Citigroup raised their price objective on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.35.

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently added to or reduced their stakes in GETY. Vanguard Group Inc. bought a new stake in Getty Images during the 3rd quarter valued at approximately $52,554,000. Charles Schwab Investment Management Inc. raised its stake in Getty Images by 596.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 217,597 shares of the company’s stock valued at $1,412,000 after purchasing an additional 186,370 shares during the period. EULAV Asset Management grew its holdings in Getty Images by 37.5% during the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after buying an additional 150,000 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Getty Images by 124.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock valued at $882,000 after buying an additional 75,255 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in Getty Images during the 3rd quarter valued at approximately $484,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.