Getty Images Holdings, Inc. (NYSE:GETY) Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,225,249 shares of the company’s stock after buying an additional 698,829 shares during the period. Vanguard Group Inc.’s holdings in Getty Images were worth $22,087,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GETY. Virtu Financial LLC acquired a new position in shares of Getty Images in the fourth quarter worth about $33,000. Verition Fund Management LLC acquired a new position in Getty Images in the 3rd quarter worth approximately $96,000. Intech Investment Management LLC raised its stake in Getty Images by 356.0% during the 4th quarter. Intech Investment Management LLC now owns 52,921 shares of the company’s stock valued at $114,000 after purchasing an additional 41,316 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Getty Images by 34.2% in the fourth quarter. Victory Capital Management Inc. now owns 79,384 shares of the company’s stock valued at $171,000 after purchasing an additional 20,239 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Getty Images in the third quarter valued at $221,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Insider Activity

In related news, CEO Craig Warren Peters sold 124,624 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the transaction, the chief executive officer now directly owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This trade represents a 8.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Gene Foca sold 23,475 shares of Getty Images stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $49,767.00. Following the completion of the transaction, the chief marketing officer now owns 468,943 shares in the company, valued at $994,159.16. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,668 shares of company stock valued at $480,536. Insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

GETY has been the topic of several research analyst reports. Benchmark lowered their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Citigroup reiterated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Finally, 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, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.60.

Getty Images Price Performance

Shares of GETY opened at $1.64 on Wednesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $674.55 million, a PE ratio of 13.63 and a beta of 2.00. Getty Images Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49. The firm’s 50 day moving average price is $2.05 and its 200 day moving average price is $2.71.

Getty Images (NYSE:GETY) last released its quarterly earnings results 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). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

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.