Koch Inc. Purchases Shares of 80,733,607 Getty Images Holdings, Inc. (NYSE:GETY)

Koch Inc. purchased a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 80,733,607 shares of the company's stock, valued at approximately $174,385,000. Getty Images makes up 27.8% of Koch Inc.'s portfolio, making the stock its 2nd largest position. Koch Inc. owned about 19.64% of Getty Images as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Getty Images by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock valued at $107,000 after buying an additional 15,978 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Getty Images by 71.2% in the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock valued at $761,000 after buying an additional 146,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Getty Images by 24.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock valued at $138,000 after buying an additional 12,542 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 698,829 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Getty Images by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock valued at $3,620,000 after buying an additional 11,680 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company's stock.

Getty Images Price Performance

Shares of GETY traded down $0.02 during trading hours on Wednesday, reaching $1.76. The company had a trading volume of 255,922 shares, compared to its average volume of 1,172,091. The firm has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $2.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $725.55 million, a price-to-earnings ratio of 14.63 and a beta of 1.98. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.17). The business had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. Research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In other Getty Images news, CTO Nathaniel Gandert sold 15,859 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $33,621.08. Following the sale, the chief technology officer now directly owns 534,377 shares of the company's stock, valued at $1,132,879.24. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cho Mikael sold 18,590 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at $262,587.44. This represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,668 shares of company stock valued at $480,536. Insiders own 12.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GETY shares. Benchmark decreased their price target on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Wedbush restated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Citigroup restated a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.35.

Getty Images Company 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.