Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells 124,624 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 124,624 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the sale, the chief executive officer now owns 1,262,948 shares of the company’s stock, valued at approximately $2,677,449.76. This trade represents a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Getty Images Trading Down 2.3 %

Shares of NYSE GETY opened at $1.93 on Friday. The firm has a 50 day moving average price of $2.37 and a two-hundred day moving average price of $2.93. Getty Images Holdings, Inc. has a 52-week low of $1.89 and a 52-week high of $4.49. The stock has a market cap of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

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

Analysts Set New Price Targets

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

Institutional Trading of Getty Images

Several institutional investors have recently made changes to their positions in GETY. Koch Inc. purchased a new position in Getty Images in the fourth quarter valued at about $183,865,000. Toronto Dominion Bank purchased a new stake in Getty Images in the fourth quarter valued at approximately $3,553,000. Vanguard Group Inc. lifted its holdings in shares of Getty Images by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after acquiring an additional 698,829 shares during the last quarter. State Street Corp increased its position in shares of Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Getty Images by 71.2% during the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after acquiring an additional 146,576 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

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.