Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $421,106.36 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 95,924 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $4.39, for a total transaction of $421,106.36. Following the sale, the director now owns 9,308,588 shares of the company’s stock, valued at $40,864,701.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, March 27th, Chinh Chu sold 213,811 shares of Getty Images stock. The shares were sold at an average price of $4.19, for a total transaction of $895,868.09.
• 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 transaction of $487,439.46.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The stock was sold at an average price of $4.95, for a total transaction of $1,180,674.00.

Getty Images Trading Down 2.6 %

Shares of GETY stock opened at $4.15 on Friday. Getty Images Holdings, Inc. has a 52-week low of $3.65 and a 52-week high of $8.18. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $4.98. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 103.75 and a beta of 2.15.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GETY. Vanguard Group Inc. purchased a new stake in shares of Getty Images during the 3rd quarter valued at approximately $52,554,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 186,370 shares in the last quarter. EULAV Asset Management lifted its stake in shares of 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 lifted its stake in shares of 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 stake in shares of Getty Images during the 3rd quarter valued at approximately $484,000. 45.75% of the stock is owned by institutional investors.

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.