Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu Sells 14,027 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 14,027 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $4.02, for a total transaction of $56,388.54. Following the transaction, the director now directly owns 8,446,838 shares of the company’s stock, valued at $33,956,288.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, April 11th, Chinh Chu sold 38,488 shares of Getty Images stock. The stock was sold at an average price of $4.04, for a total transaction of $155,491.52.
• On Monday, April 8th, Chinh Chu sold 10,121 shares of Getty Images stock. The stock was sold at an average price of $4.00, for a total transaction of $40,484.00.
• On Friday, April 5th, Chinh Chu sold 14,707 shares of Getty Images stock. The stock was sold at an average price of $4.01, for a total transaction of $58,975.07.
• On Wednesday, April 3rd, Chinh Chu sold 88,573 shares of Getty Images stock. The stock was sold at an average price of $4.11, for a total transaction of $364,035.03.
• On Wednesday, March 27th, Chinh Chu sold 213,811 shares of Getty Images stock. The stock was 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 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 2.9 %

Shares of NYSE GETY opened at $3.90 on Friday. Getty Images Holdings, Inc. has a 1 year low of $3.65 and a 1 year high of $7.35. The firm’s 50 day moving average price is $4.37 and its 200 day moving average price is $4.68. The firm has a market cap of $1.58 billion, a P/E ratio of 97.38 and a beta of 2.12. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84.

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

Hedge Funds Weigh In On Getty Images

A number of large investors have recently bought and sold shares of the stock. Kessler Investment Group LLC purchased a new position in Getty Images during the first quarter worth approximately $89,000. Victory Capital Management Inc. raised its stake in shares of Getty Images by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after acquiring an additional 4,281 shares during the period. Vanguard Group Inc. purchased a new position in shares of Getty Images in the 3rd quarter valued at $52,554,000. EULAV Asset Management raised its stake in shares of Getty Images by 37.5% in the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 150,000 shares during the period. Finally, Corton Capital Inc. raised its stake in shares of Getty Images by 49.3% in the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after acquiring an additional 5,571 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GETY shares. Benchmark increased their price target on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Citigroup increased their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Getty Images currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.35.

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.