Chinh Chu Sells 8,243 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 8,243 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $4.01, for a total value of $33,054.43. Following the completion of the transaction, the director now directly owns 9,795,163 shares in the company, valued at $39,278,603.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, October 16th, Chinh Chu sold 17,122 shares of Getty Images stock. The shares were sold at an average price of $4.01, for a total value of $68,659.22.

Getty Images Stock Performance

GETY opened at $3.90 on Thursday. The firm has a fifty day moving average price of $3.64 and a 200 day moving average price of $3.63. Getty Images Holdings, Inc. has a 1 year low of $2.88 and a 1 year high of $5.77. The stock has a market cap of $1.59 billion, a P/E ratio of 65.00 and a beta of 2.05. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The firm had revenue of $229.14 million during the quarter, compared to analyst estimates of $228.42 million. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Getty Images in a research report on Tuesday, August 13th. Finally, Macquarie cut their price target on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

Institutional Trading of Getty Images

Institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC lifted its position in shares of Getty Images by 95.7% during the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after buying an additional 4,500 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Getty Images in the second quarter valued at about $33,000. CIBC Asset Management Inc purchased a new stake in shares of Getty Images during the second quarter worth about $36,000. Natixis purchased a new stake in shares of Getty Images during the first quarter worth about $42,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Getty Images during the 2nd quarter worth about $44,000. 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.