Carlyle Group Inc. Has $10.79 Million Stock Position 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. lowered its position in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) by 28.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,234,252 shares of the company's stock after selling 2,450,347 shares during the period. Getty Images accounts for 0.3% of Carlyle Group Inc.'s portfolio, making the stock its 7th largest holding. Carlyle Group Inc. owned 1.51% of Getty Images worth $10,785,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Koch Inc. acquired a new position in Getty Images in the fourth quarter worth approximately $174,385,000. Wells Fargo & Company MN grew its holdings in Getty Images by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock valued at $107,000 after purchasing an additional 15,978 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Getty Images by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock valued at $138,000 after purchasing an additional 12,542 shares during the last quarter. Vanguard Group Inc. grew its holdings in Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock valued at $22,087,000 after purchasing an additional 698,829 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in Getty Images during the fourth quarter valued at approximately $3,553,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Benchmark lowered their price target on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wedbush upgraded Getty Images to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.35.

Insider Buying and Selling

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 80,010 shares of company stock valued at $141,618 over the last three months. 11.20% of the stock is owned by company insiders.

Getty Images Stock Performance

Shares of GETY traded down $0.02 during mid-day trading on Monday, hitting $1.68. The company's stock had a trading volume of 459,962 shares, compared to its average volume of 1,702,993. Getty Images Holdings, Inc. has a one year low of $1.25 and a one year high of $4.49. 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 capitalization of $694.81 million, a PE ratio of -8.82 and a beta of 1.87. The stock's 50-day moving average is $1.77 and its two-hundred day moving average is $1.94.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.17). The business had revenue of $224.08 million during the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The firm's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

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.