Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells $72,056.60 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Getty Images Stock Performance

NYSE GETY opened at $2.19 on Friday. The stock has a market capitalization of $900.25 million, a price-to-earnings ratio of 18.25 and a beta of 1.86. The stock has a 50-day moving average of $3.14 and a 200 day moving average of $3.41. 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.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after acquiring an additional 7,267 shares during the period. FMR LLC lifted its holdings in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Getty Images during the second quarter valued at $33,000. CIBC Asset Management Inc acquired a new stake in shares of Getty Images in the second quarter valued at about $36,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Getty Images during the third quarter worth about $44,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Macquarie lifted their price target on 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. reaffirmed 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 given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.61.

About Getty Images

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.