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

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 95,924 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $4.39, for a total transaction of $421,106.36. Following the completion of the transaction, the director now directly owns 9,308,588 shares of the company’s stock, valued at $40,864,701.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $4.95, for a total transaction of $1,180,674.00.

Getty Images Stock Up 7.0 %

Shares of GETY stock opened at $4.26 on Thursday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 106.50 and a beta of 2.15. Getty Images Holdings, Inc. has a one year low of $3.65 and a one year high of $8.18. The company’s fifty day moving average price is $4.56 and its 200-day moving average price is $4.99. 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 announced its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $225.94 million for the quarter, compared to the consensus estimate of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Sell-side analysts expect that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GETY. Citigroup increased their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. 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 report on Friday, March 15th. Finally, Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Friday, March 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.35.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Getty Images during the 3rd quarter worth about $140,000. EULAV Asset Management increased its stake in Getty Images by 37.5% during the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 150,000 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Getty Images during the 3rd quarter valued at approximately $136,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Getty Images in the 3rd quarter valued at $26,000. Finally, CastleKnight Management LP purchased a new stake in shares of Getty Images in the 2nd quarter valued at $190,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Getty Images Company Profile

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.