State Street Corp Increases Stock Position in Getty Images Holdings, Inc. (NYSE:GETY)

State Street Corp increased its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 46.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,474,167 shares of the company’s stock after purchasing an additional 466,521 shares during the quarter. State Street Corp’s holdings in Getty Images were worth $5,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after buying an additional 58,135 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Getty Images during the second quarter valued at $910,000. FMR LLC raised its stake in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares during the period. Rhumbline Advisers purchased a new position in shares of Getty Images during the 2nd quarter valued at about $392,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Getty Images by 136.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after acquiring an additional 39,423 shares during the period. 45.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on GETY. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie boosted their price objective on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.61.

Getty Images Price Performance

GETY stock opened at $2.19 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $900.25 million, a PE ratio of 18.25 and a beta of 1.86. The company’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.41. Getty Images Holdings, Inc. has a one year low of $2.10 and a one year high of $5.77.

Insider Activity

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chinh Chu sold 48,400 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the sale, the director now directly owns 9,706,670 shares of the company’s stock, valued at approximately $39,312,013.50. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by insiders.

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.