Koch Inc. Takes $183.87 Million Position in Getty Images Holdings, Inc. (NYSE:GETY)

Koch Inc. purchased a new stake in shares of Getty Images Holdings, Inc. (NYSE:GETY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 85,122,736 shares of the company’s stock, valued at approximately $183,865,000. Getty Images comprises approximately 65.2% of Koch Inc.’s portfolio, making the stock its biggest position. Koch Inc. owned about 20.71% of Getty Images at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after buying an additional 58,135 shares in the last quarter. Franklin Resources Inc. purchased a new position in Getty Images in the 3rd quarter worth approximately $221,000. Barclays PLC increased its stake in Getty Images by 47.1% in the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares during the period. Jane Street Group LLC increased its stake in Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after purchasing an additional 39,477 shares during the period. Finally, State Street Corp increased its stake in Getty Images by 46.3% in 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 period. Institutional investors own 45.75% of the company’s stock.

Insider Buying and Selling at Getty Images

In other news, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the completion of the transaction, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the transaction, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,521 shares of company stock worth $155,146 in the last quarter. 12.30% of the stock is owned by corporate insiders.

Getty Images Stock Up 1.1 %

NYSE GETY opened at $2.22 on Friday. The stock’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.97. 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 $1.90 and a 52 week high of $4.85. The company has a market capitalization of $913.84 million, a P/E ratio of 18.46 and a beta of 1.97.

Getty Images (NYSE:GETY) last released its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (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 business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GETY shares. Benchmark reduced their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday. Macquarie reaffirmed 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 note on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.24.

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.