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

Getty Images Holdings, Inc. (NYSE:GETYGet Free Report) Director Chinh Chu sold 95,924 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $4.39, for a total transaction of $421,106.36. Following the transaction, the director now directly owns 9,308,588 shares of the company’s stock, valued at $40,864,701.32. 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 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 Stock Down 2.9 %

Shares of GETY opened at $3.98 on Wednesday. The firm has a market cap of $1.61 billion, a PE ratio of 99.50 and a beta of 2.15. The company’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.99. Getty Images Holdings, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.18. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05.

Getty Images (NYSE:GETYGet Free Report) last announced 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 analyst estimates of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Analysts forecast that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GETY. Benchmark raised their target price on shares of Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. 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. Finally, Citigroup raised 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.35.

Check Out Our Latest Stock Analysis on GETY

Hedge Funds Weigh In On Getty Images

A number of hedge funds have recently made changes to their positions in GETY. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Getty Images during the 3rd quarter valued at $26,000. UBS Group AG acquired a new position in shares of Getty Images during the 1st quarter valued at $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Getty Images during the 3rd quarter valued at $28,000. Lazard Asset Management LLC acquired a new position in shares of Getty Images during the 2nd quarter valued at $41,000. Finally, Delphia USA Inc. acquired a new position in shares of Getty Images during the 1st quarter valued at $64,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Getty Images

(Get Free Report)

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.

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