Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu Sells 213,811 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 213,811 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $4.19, for a total value of $895,868.09. Following the sale, the director now owns 8,910,854 shares of the company’s stock, valued at approximately $37,336,478.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Price Performance

Shares of NYSE GETY opened at $4.15 on Friday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 103.75 and a beta of 2.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The stock’s 50-day simple moving average is $4.56 and its two-hundred day simple moving average is $4.98. Getty Images Holdings, Inc. has a twelve month low of $3.65 and a twelve month high of $8.18.

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

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Getty Images by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 8,131,734 shares of the company’s stock worth $42,692,000 after purchasing an additional 34,013 shares in the last quarter. Northern Trust Corp boosted its holdings in Getty Images by 9.6% during the 4th quarter. Northern Trust Corp now owns 81,696 shares of the company’s stock valued at $429,000 after acquiring an additional 7,152 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Getty Images by 22.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 23,954 shares of the company’s stock valued at $126,000 after acquiring an additional 4,321 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Getty Images in the 4th quarter worth approximately $80,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Getty Images by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 236,908 shares of the company’s stock worth $1,244,000 after buying an additional 19,311 shares during the period. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GETY has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Friday, March 15th. Citigroup boosted their price objective on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Benchmark boosted their price objective on Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.35.

About Getty Images

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.