Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells 8,218 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Grant Farhall sold 8,218 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $18,079.60. Following the completion of the transaction, the insider now owns 251,615 shares of the company’s stock, valued at $553,553. This trade represents a 3.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Getty Images Stock Up 2.2 %

Shares of GETY stock traded up $0.05 on Thursday, reaching $2.29. 730,765 shares of the stock were exchanged, compared to its average volume of 488,949. The company has a market capitalization of $941.36 million, a price-to-earnings ratio of 19.08 and a beta of 1.86. The business’s 50 day moving average price is $3.21 and its 200 day moving average price is $3.42. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a twelve month low of $2.10 and a twelve month high of $5.77.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Macquarie raised their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.61.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised 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 worth $2,000,000 after purchasing an additional 58,135 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Getty Images during the second quarter worth about $910,000. Victory Capital Management Inc. increased its position in shares of Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock worth $225,000 after purchasing an additional 34,349 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Getty Images by 136.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after purchasing an additional 39,423 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Getty Images during the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.