Koch Inc. Has $154.45 Million Position in Getty Images Holdings, Inc. $GETY

Koch Inc. lifted its stake in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 115,259,246 shares of the company’s stock after buying an additional 34,525,639 shares during the period. Getty Images makes up 21.4% of Koch Inc.’s investment portfolio, making the stock its 2nd biggest position. Koch Inc. owned approximately 0.28% of Getty Images worth $154,447,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC raised its stake in Getty Images by 548.6% in the fourth quarter. Cerity Partners LLC now owns 160,469 shares of the company’s stock valued at $215,000 after purchasing an additional 135,728 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Getty Images by 41.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 214,312 shares of the company’s stock worth $287,000 after buying an additional 63,267 shares in the last quarter. Founders Financial Securities LLC acquired a new stake in Getty Images during the fourth quarter worth about $35,000. Intech Investment Management LLC increased its holdings in Getty Images by 14.7% in the 4th quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after buying an additional 9,173 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Getty Images in the 4th quarter valued at about $335,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Down 4.5%

Shares of NYSE GETY opened at $0.75 on Wednesday. The company has a market cap of $312.13 million, a price-to-earnings ratio of -2.87 and a beta of 2.03. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.13. Getty Images Holdings, Inc. has a 12 month low of $0.67 and a 12 month high of $3.21. The stock has a 50-day moving average price of $0.88 and a two-hundred day moving average price of $1.06.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $226.57 million during the quarter, compared to analyst estimates of $238.90 million. Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. As a group, analysts forecast that Getty Images Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GETY. Weiss Ratings downgraded shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Getty Images in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Citigroup cut their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus target price of $3.78.

Insider Buying and Selling at Getty Images

In other Getty Images news, insider Michael Teaster sold 38,100 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the sale, the insider owned 488,862 shares in the company, valued at $386,200.98. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Grant Farhall sold 42,022 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the sale, the insider directly owned 288,190 shares in the company, valued at approximately $224,788.20. The trade was a 12.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 429,663 shares of company stock worth $335,518 over the last quarter. Corporate insiders own 12.50% of the company’s stock.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.