Chinh Chu Sells 95,924 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 95,924 shares of Getty Images stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $4.39, for a total value of $421,106.36. Following the transaction, the director now owns 9,308,588 shares in the company, valued at approximately $40,864,701.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 $4.26 on Thursday. Getty Images Holdings, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.18. The business has a 50-day moving average of $4.56 and a two-hundred day moving average of $4.99. The stock has a market capitalization of $1.73 billion, a P/E ratio of 106.50 and a beta of 2.15. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. The business had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. On average, equities research analysts predict that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GETY. Citigroup boosted their target price on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Friday, March 15th. Finally, Benchmark boosted their target price on Getty Images from $7.00 to $8.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.35.

Hedge Funds Weigh In On Getty Images

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Getty Images by 0.4% during 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 during the last quarter. EULAV Asset Management lifted its position 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 worth $3,570,000 after purchasing an additional 150,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $1,244,000 after acquiring an additional 19,311 shares in the last quarter. Marshall Wace LLP raised its holdings in Getty Images by 45.7% in the 2nd quarter. Marshall Wace LLP now owns 150,324 shares of the company’s stock valued at $734,000 after acquiring an additional 47,176 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in Getty Images by 124.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock valued at $882,000 after acquiring an additional 75,255 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.