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Unusual Put Option Trade in Getty Images Worth $107.5K

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On May 25, 2023 at 14:28:57 ET an unusually large $107.50K block of Put contracts in Getty Images Holdings Inc – (GETY) was sold, with a strike price of $5.00 / share, expiring in 176 day(s) (on November 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.26 sigmas above the mean, placing it in the 99.99th percentile of all recent large trades made in GETY options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 48 funds or institutions reporting positions in Getty Images Holdings Inc -. This is an increase of 4 owner(s) or 9.09% in the last quarter. Average portfolio weight of all funds dedicated to GETY is 0.68%, an increase of 19.55%. Total shares owned by institutions increased in the last three months by 0.67% to 173,551K shares. The put/call ratio of GETY is 1.11, indicating a bearish outlook.

Analyst Price Forecast Suggests 26.68% Upside

As of May 11, 2023, the average one-year price target for Getty Images Holdings Inc – is 6.59. The forecasts range from a low of 5.56 to a high of $8.40. The average price target represents an increase of 26.68% from its latest reported closing price of 5.20.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Getty Images Holdings Inc – is 996MM, an increase of 7.00%. The projected annual non-GAAP EPS is 0.21.

What are Other Shareholders Doing?

Koch Industries holds 80,499K shares representing 20.27% ownership of the company. No change in the last quarter.

Neuberger Berman Group holds 78,848K shares representing 19.86% ownership of the company. In it’s prior filing, the firm reported owning 78,922K shares, representing a decrease of 0.09%. The firm decreased its portfolio allocation in GETY by 55.74% over the last quarter.

Carlyle Group holds 11,903K shares representing 3.00% ownership of the company. No change in the last quarter.

Laird Norton Trust Company holds 480K shares representing 0.12% ownership of the company.

Zazove Associates holds 402K shares representing 0.10% ownership of the company. In it’s prior filing, the firm reported owning 287K shares, representing an increase of 28.55%. The firm increased its portfolio allocation in GETY by 126,114.12% over the last quarter.

Key filings for this company:

This article originally appeared on Fintel

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