XTX Topco Ltd Makes New $78,000 Investment in Getty Images Holdings, Inc. (NYSE:GETY)

XTX Topco Ltd purchased a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 45,166 shares of the company’s stock, valued at approximately $78,000.

Several other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Getty Images by 139.1% during the 1st quarter. Victory Capital Management Inc. now owns 189,786 shares of the company’s stock valued at $328,000 after purchasing an additional 110,402 shares in the last quarter. CWM LLC increased its position in Getty Images by 809.5% during the first quarter. CWM LLC now owns 19,708 shares of the company’s stock worth $34,000 after buying an additional 17,541 shares during the last quarter. Koch Inc. bought a new position in Getty Images during the fourth quarter valued at about $174,385,000. Toronto Dominion Bank acquired a new stake in shares of Getty Images in the fourth quarter worth about $3,553,000. Finally, Wexford Capital LP acquired a new stake in shares of Getty Images in the fourth quarter worth about $80,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the sale, the chief executive officer owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 80,010 shares of company stock valued at $141,618 in the last 90 days. Company insiders own 11.20% of the company’s stock.

Getty Images Price Performance

NYSE GETY opened at $1.81 on Friday. The stock has a 50-day simple moving average of $1.77 and a 200 day simple moving average of $1.92. Getty Images Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49. The stock has a market capitalization of $750.81 million, a PE ratio of -6.46 and a beta of 1.87. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.72 and a current ratio of 0.70.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11). The company had revenue of $234.88 million during the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS. Research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GETY. Benchmark lowered Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a report on Tuesday. Citigroup reaffirmed a “neutral” rating and set a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research report on Tuesday. Wedbush lowered their price target on Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday. Zacks Research raised shares of Getty Images to a “hold” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Getty Images has an average rating of “Hold” and an average target price of $4.03.

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.