Carlyle Group Inc. Trims Stock Holdings in Getty Images Holdings, Inc. (NYSE:GETY)

Key Points

• Carlyle Group Inc. reduced its stake in Getty Images by 28.2% during the first quarter, now holding approximately 6,234,252 shares, making it the 7th largest position in its portfolio.
• Getty Images reported a net loss of $0.14 per share for the last quarter, significantly missing analyst expectations, and its revenue was $224.08 million, below the consensus estimate of $236.01 million.
• The stock currently holds an average analyst rating of "Hold" with a target price of $4.35, reflecting mixed sentiments among market analysts.

Carlyle Group Inc. cut its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY - Free Report) by 28.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,234,252 shares of the company's stock after selling 2,450,347 shares during the quarter. Getty Images comprises 0.3% of Carlyle Group Inc.'s investment portfolio, making the stock its 7th largest holding. Carlyle Group Inc. owned approximately 1.51% of Getty Images worth $10,785,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Getty Images in the fourth quarter valued at $27,000. Aristeia Capital L.L.C. bought a new stake in Getty Images in the fourth quarter valued at $28,000. Ameriprise Financial Inc. bought a new stake in Getty Images in the fourth quarter valued at $28,000. Oxford Asset Management LLP bought a new stake in Getty Images in the fourth quarter valued at $33,000. Finally, HHM Wealth Advisors LLC bought a new stake in Getty Images in the first quarter valued at $29,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares of the company's stock, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 80,010 shares of company stock valued at $141,618 over the last ninety days. Company insiders own 11.20% of the company's stock.

Getty Images Trading Down 4.5%

NYSE:GETY traded down $0.08 during mid-day trading on Friday, hitting $1.70. The company had a trading volume of 413,486 shares, compared to its average volume of 868,632. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49. The business's fifty day moving average is $1.77 and its two-hundred day moving average is $1.95. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $705.18 million, a P/E ratio of -8.95 and a beta of 1.87.

Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $236.01 million. Getty Images had a negative return on equity of 8.87% and a negative net margin of 8.13%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

GETY has been the topic of a number of analyst reports. Wedbush upgraded Getty Images to a "strong-buy" rating in a research report on Tuesday, July 1st. Benchmark lowered their price target on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen cut Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Getty Images currently has an average rating of "Hold" and an average target price of $4.35.

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.