Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells $27,152.40 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This represents a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Getty Images Price Performance

GETY stock opened at $2.19 on Friday. Getty Images Holdings, Inc. has a 52 week low of $2.10 and a 52 week high of $5.77. The firm has a market capitalization of $900.25 million, a P/E ratio of 18.25 and a beta of 1.86. The company has a fifty day simple moving average of $3.14 and a two-hundred day simple moving average of $3.41. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Getty Images

Several hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. bought a new stake in Getty Images during the third quarter worth approximately $221,000. Barclays PLC increased its position in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Getty Images by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after purchasing an additional 88,533 shares during the last quarter. Jane Street Group LLC raised its holdings in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after buying an additional 39,477 shares during the period. Finally, State Street Corp lifted its position in Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.