Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu Sells 5,201 Shares

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 5,201 shares of Getty Images stock in a transaction on Friday, April 26th. The stock was sold at an average price of $4.01, for a total transaction of $20,856.01. Following the sale, the director now directly owns 8,433,937 shares in the company, valued at approximately $33,820,087.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, April 29th, Chinh Chu sold 3,937 shares of Getty Images stock. The stock was sold at an average price of $4.00, for a total transaction of $15,748.00.
• On Tuesday, April 23rd, Chinh Chu sold 14,027 shares of Getty Images stock. The stock was sold at an average price of $4.02, for a total transaction of $56,388.54.
• 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 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 stock was 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 stock was sold at an average price of $4.95, for a total transaction of $1,180,674.00.

Getty Images Trading Down 6.5 %

Getty Images stock opened at $3.69 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The firm has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.63. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 92.13 and a beta of 2.12. Getty Images Holdings, Inc. has a 52-week low of $3.65 and a 52-week high of $7.35.

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

Analyst Ratings Changes

Several research firms have recently weighed in on GETY. Citigroup boosted their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Benchmark boosted their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GETY. Vanguard Group Inc. acquired a new position in Getty Images during the 3rd quarter valued at about $52,554,000. EULAV Asset Management lifted 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 worth $3,570,000 after acquiring an additional 150,000 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Getty Images by 124.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock worth $882,000 after acquiring an additional 75,255 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Getty Images in the 3rd quarter worth approximately $140,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of Getty Images in the 1st quarter worth approximately $89,000. 45.75% of the stock is owned by institutional investors and hedge funds.

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.