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

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

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

• 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 Trading Down 4.1 %

GETY opened at $3.77 on Tuesday. The stock has a market capitalization of $1.53 billion, a PE ratio of 94.25 and a beta of 2.12. The firm’s fifty day moving average price is $4.47 and its 200 day moving average price is $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 Holdings, Inc. has a 12-month low of $3.65 and a 12-month high of $8.18.

Getty Images (NYSE:GETY) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GETY. Citigroup upped their target price on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Friday, March 15th. Finally, Benchmark upped their target price on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Moderate Buy” and an average target price of $6.35.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Getty Images by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 8,131,734 shares of the company’s stock worth $42,692,000 after purchasing an additional 34,013 shares during the period. EULAV Asset Management raised its holdings in shares of Getty Images by 37.5% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 150,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 236,908 shares of the company’s stock worth $1,244,000 after purchasing an additional 19,311 shares during the period. Marshall Wace LLP grew its position in shares of Getty Images by 45.7% during the second quarter. Marshall Wace LLP now owns 150,324 shares of the company’s stock worth $734,000 after acquiring an additional 47,176 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in shares of Getty Images by 124.0% during the third 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 last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

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.