Getty Images Holdings, Inc. (NYSE:GETY) Shares Sold by Laird Norton Wetherby Trust Company LLC

Laird Norton Wetherby Trust Company LLC lessened its position in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,851,391 shares of the company’s stock after selling 32,860 shares during the quarter. Getty Images makes up 1.4% of Laird Norton Wetherby Trust Company LLC’s holdings, making the stock its 11th biggest position. Laird Norton Wetherby Trust Company LLC owned about 1.18% of Getty Images worth $10,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in Getty Images in the 4th quarter valued at $27,000. Aristeia Capital L.L.C. acquired a new stake in shares of Getty Images in the fourth quarter valued at about $28,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images in the fourth quarter valued at about $28,000. Oxford Asset Management LLP acquired a new stake in Getty Images in the 4th quarter worth about $33,000. Finally, Virtu Financial LLC acquired a new stake in Getty Images in the 4th quarter worth about $33,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Performance

NYSE GETY opened at $1.88 on Monday. The stock’s fifty day moving average is $1.86 and its two-hundred day moving average is $2.47. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $775.63 million, a P/E ratio of 15.67 and a beta of 1.98. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49.

Getty Images (NYSE:GETY) last announced its quarterly earnings results 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). The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 124,624 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cho Mikael sold 18,590 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the completion of the transaction, the senior vice president now owns 123,862 shares in the company, valued at approximately $262,587.44. This represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,668 shares of company stock worth $480,536. Insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GETY. Citigroup reiterated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a report on Monday, March 24th. Benchmark lowered their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.60.

Getty Images Profile

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.