Neuberger Berman Group Llc Sells 4,100,000 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Getty Images Stock Performance

Shares of GETY stock opened at $2.87 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.59. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.88 and a beta of 2.02. Getty Images Holdings, Inc. has a 12-month low of $2.78 and a 12-month high of $5.77.

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently bought and sold shares of GETY. Natixis acquired a new stake in shares of Getty Images in the first quarter valued at about $42,000. EntryPoint Capital LLC purchased a new position in Getty Images in the first quarter valued at about $47,000. Kessler Investment Group LLC lifted its position in shares of Getty Images by 47.6% during the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock valued at $103,000 after acquiring an additional 10,178 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Getty Images during the 2nd quarter worth approximately $49,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Getty Images in the 2nd quarter worth approximately $583,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

GETY has been the subject of several analyst reports. Macquarie upped their price objective on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Getty Images in a research note on Tuesday, August 13th. Finally, Citigroup lowered their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

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.