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

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 38,488 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $4.04, for a total transaction of $155,491.52. Following the transaction, the director now directly owns 8,462,409 shares in the company, valued at approximately $34,188,132.36. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 shares were 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 shares were sold at an average price of $4.19, for a total value 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 value 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 value 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 Stock Up 1.3 %

Shares of GETY opened at $3.82 on Wednesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $1.55 billion, a PE ratio of 95.50 and a beta of 2.12. The company’s 50-day simple moving average is $4.46 and its 200-day simple moving average is $4.76. Getty Images Holdings, Inc. has a 1 year low of $3.65 and a 1 year high of $8.18.

Getty Images (NYSE:GETY) last released its 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 analyst estimates of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Analysts forecast that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in Getty Images in the 3rd quarter valued at about $26,000. UBS Group AG acquired a new stake in Getty Images in the first quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Getty Images in the third quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new position in Getty Images in the second quarter worth approximately $41,000. Finally, Delphia USA Inc. acquired a new position in Getty Images during the 1st quarter worth approximately $64,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup increased their target price 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. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Friday, March 15th. Finally, Benchmark boosted their target price on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.35.

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.