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

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 213,811 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $4.19, for a total transaction of $895,868.09. Following the transaction, the director now directly owns 8,910,854 shares of the company’s stock, valued at $37,336,478.26. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $4.14, for a total transaction 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 transaction 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 transaction of $1,180,674.00.

Getty Images Stock Down 2.6 %

NYSE GETY opened at $4.15 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $4.56 and its 200 day simple moving average is $4.98. Getty Images Holdings, Inc. has a 12 month low of $3.65 and a 12 month high of $8.18. The company has a market capitalization of $1.68 billion, a P/E 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 EPS for the quarter. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. The business had revenue of $225.94 million for the quarter, compared to the consensus estimate of $227.00 million. Equities research analysts expect that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Getty Images in the third quarter worth approximately $140,000. EULAV Asset Management increased its position in shares of Getty Images by 37.5% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock worth $3,570,000 after acquiring an additional 150,000 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Getty Images in the third quarter worth approximately $136,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Getty Images in the third quarter worth approximately $26,000. Finally, CastleKnight Management LP purchased a new position in Getty Images during the second quarter valued at approximately $190,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on GETY shares. Benchmark lifted their price target on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, March 15th. Citigroup lifted their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Getty Images presently has an average rating of “Moderate Buy” and an average target price 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.