Virtu Financial LLC Makes New Investment in Getty Images Holdings, Inc. (NYSE:GETY)

Virtu Financial LLC acquired a new stake in Getty Images Holdings, Inc. (NYSE:GETY) during the 4th quarter, Holdings Channel reports. The firm acquired 15,179 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp grew its holdings in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock valued at $761,000 after acquiring an additional 146,576 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Getty Images by 5.6% in the third 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 in the last quarter. Franklin Resources Inc. bought a new stake in Getty Images in the third quarter worth $221,000. Finally, Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 58,135 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GETY. Macquarie reissued a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Benchmark dropped their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Citigroup reissued a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.60.

Insider Transactions at Getty Images

In other news, SVP Cho Mikael sold 18,590 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now directly owns 123,862 shares in the company, valued at $262,587.44. The trade was a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig Warren Peters sold 124,624 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $264,202.88. Following the completion of the sale, the chief executive officer now directly owns 1,262,948 shares of the company’s stock, valued at approximately $2,677,449.76. The trade was a 8.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock worth $480,536 over the last three months. 12.30% of the stock is currently owned by insiders.

Getty Images Price Performance

GETY opened at $1.73 on Wednesday. The firm has a market capitalization of $711.68 million, a PE ratio of 14.38 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50-day moving average is $2.31 and its two-hundred day moving average is $2.88. Getty Images Holdings, Inc. has a 1 year low of $1.70 and a 1 year high of $4.49.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. Getty Images’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

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.