Goldman Sachs Group Inc. Has $616,000 Stock Holdings in Getty Images Holdings, Inc. $GETY

Goldman Sachs Group Inc. cut its holdings in Getty Images Holdings, Inc. (NYSE:GETY) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 356,341 shares of the company’s stock after selling 45,988 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.09% of Getty Images worth $616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GETY. Invenomic Capital Management LP bought a new position in Getty Images in the first quarter valued at about $4,646,000. AQR Capital Management LLC boosted its holdings in Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after acquiring an additional 254,146 shares during the last quarter. TIG Advisors LLC bought a new position in Getty Images in the first quarter valued at about $654,000. EntryPoint Capital LLC bought a new position in Getty Images in the first quarter valued at about $140,000. Finally, Quantbot Technologies LP bought a new position in Getty Images in the first quarter valued at about $107,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Trading Down 1.7%

NYSE GETY opened at $1.98 on Thursday. The firm has a market cap of $819.25 million, a P/E ratio of -7.05 and a beta of 1.87. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $1.83. Getty Images Holdings, Inc. has a one year low of $1.25 and a one year high of $4.49.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The business had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GETY shares. Wedbush decreased their price target on Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen upgraded Getty Images from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Citigroup reiterated a “neutral” rating and issued a $1.85 price target (down previously from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. Finally, Benchmark cut Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Getty Images has a consensus rating of “Reduce” and a consensus price target of $4.03.

Insider Activity at Getty Images

In other news, SVP Cho Mikael sold 16,733 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $2.02, for a total transaction of $33,800.66. Following the sale, the senior vice president owned 159,137 shares of the company’s stock, valued at $321,456.74. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 90,650 shares of company stock worth $177,664 over the last quarter. Company insiders own 11.20% of the company’s stock.

Getty Images 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.