Koch Inc. purchased a new stake in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,122,736 shares of the company's stock, valued at approximately $183,865,000. Getty Images comprises about 65.2% of Koch Inc.'s investment portfolio, making the stock its largest position. Koch Inc. owned 20.71% of Getty Images as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Getty Images by 46.3% in 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. Bank of New York Mellon Corp increased its position in 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 buying an additional 146,576 shares during the period. Geode Capital Management LLC lifted its stake in Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company's stock valued at $6,340,000 after buying an additional 88,533 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Getty Images by 145.1% in the fourth quarter. American Century Companies Inc. now owns 115,831 shares of the company's stock valued at $250,000 after acquiring an additional 68,580 shares during the period. Finally, Franklin Resources Inc. purchased a new position in shares of Getty Images during the third quarter worth approximately $221,000. Institutional investors and hedge funds own 45.75% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on GETY shares. Citigroup reiterated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a research report on Monday. Wedbush reiterated an "outperform" rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Benchmark dropped their price target on Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Macquarie reaffirmed a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.60.
Get Our Latest Analysis on Getty Images
Getty Images Stock Performance
NYSE GETY traded down $0.09 during trading hours on Wednesday, hitting $1.98. 1,121,330 shares of the stock were exchanged, compared to its average volume of 1,099,060. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $814.82 million, a price-to-earnings ratio of 16.46 and a beta of 1.97. Getty Images Holdings, Inc. has a 12-month low of $1.90 and a 12-month high of $4.49. The stock has a 50-day moving average of $2.39 and a 200 day moving average of $2.93.
Getty Images (NYSE:GETY - Get Free Report) last issued its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Getty Images's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.
Getty Images Profile
(
Free Report)
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.
Further Reading
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