Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) SVP Sells 18,590 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 18,590 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now owns 123,862 shares in the company, valued at approximately $262,587.44. The trade was a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Getty Images Stock Performance

Shares of Getty Images stock opened at $1.79 on Friday. The firm has a market capitalization of $736.43 million, a P/E ratio of 14.88 and a beta of 1.97. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a 52 week low of $1.77 and a 52 week high of $4.49. The firm’s 50 day moving average is $2.35 and its two-hundred day moving average is $2.91.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GETY shares. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark decreased their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Finally, Citigroup reissued a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Images has a consensus rating of “Hold” and a consensus price target of $4.60.

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently made changes to their positions in the company. Koch Inc. acquired a new position in Getty Images during the fourth quarter worth approximately $183,865,000. Vanguard Group Inc. raised its position in Getty Images by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after purchasing an additional 698,829 shares during the last quarter. Geode Capital Management LLC boosted its stake in Getty Images by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock worth $3,620,000 after purchasing an additional 11,680 shares during the period. Toronto Dominion Bank purchased a new position in Getty Images during the 4th quarter worth $3,553,000. Finally, State Street Corp grew its position in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares during the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.