Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Director Sells 38,488 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 38,488 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $4.04, for a total value of $155,491.52. Following the transaction, the director now owns 8,462,409 shares in the company, valued at approximately $34,188,132.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 8th, Chinh Chu sold 10,121 shares of Getty Images stock. The shares were sold at an average price of $4.00, for a total value of $40,484.00.
• On Friday, April 5th, Chinh Chu sold 14,707 shares of Getty Images stock. The shares were sold at an average price of $4.01, for a total value of $58,975.07.
• On Wednesday, April 3rd, Chinh Chu sold 88,573 shares of Getty Images stock. The shares were sold at an average price of $4.11, for a total value 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 Stock Down 4.1 %

Shares of GETY stock opened at $3.77 on Tuesday. The stock has a market cap of $1.53 billion, a P/E ratio of 94.25 and a beta of 2.12. Getty Images Holdings, Inc. has a one year low of $3.65 and a one year high of $8.18. The stock has a fifty day moving average price of $4.47 and a 200 day moving average price of $4.78. 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 issued its earnings results on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The firm had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. Analysts predict that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GETY shares. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Friday, March 15th. Benchmark raised their price objective on shares of Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Citigroup raised their price objective on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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 made changes to their positions in the stock. Walleye Capital LLC lifted its holdings in shares of Getty Images by 19.1% during the third quarter. Walleye Capital LLC now owns 16,961 shares of the company’s stock valued at $110,000 after acquiring an additional 2,725 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Getty Images during the third quarter valued at $26,000. Tower Research Capital LLC TRC bought a new position in shares of Getty Images during the third quarter valued at $28,000. Victory Capital Management Inc. lifted its holdings in shares of Getty Images by 20.4% during the fourth 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. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Getty Images by 22.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 23,954 shares of the company’s stock valued at $126,000 after acquiring an additional 4,321 shares during the period. 45.75% of the stock is owned by institutional investors.

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.