Getty Images (NYSE:GETY) Sees Large Volume Increase – Here’s Why

Getty Images Holdings, Inc. (NYSE:GETY) shares saw unusually-high trading volume on Thursday . Approximately 280,486 shares were traded during trading, a decline of 42% from the previous session’s volume of 487,125 shares.The stock last traded at $2.19 and had previously closed at $2.24.

Wall Street Analyst Weigh In

GETY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie increased their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Trading Up 1.8 %

The firm has a market cap of $937.25 million, a P/E ratio of 19.00 and a beta of 1.86. The firm has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.42. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Buying and Selling

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 8,243 shares of Getty Images stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $4.01, for a total value of $33,054.43. Following the transaction, the director now directly owns 9,795,163 shares in the company, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,196,355 shares of company stock worth $10,474,035 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GETY. Spartan Fund Management Inc. bought a new stake in Getty Images during the second quarter worth $33,000. CIBC Asset Management Inc purchased a new position in shares of Getty Images in the 2nd quarter worth about $36,000. Intech Investment Management LLC bought a new position in Getty Images during the third quarter valued at about $44,000. Aigen Investment Management LP purchased a new stake in Getty Images during the third quarter worth about $48,000. Finally, Principal Financial Group Inc. bought a new stake in Getty Images in the second quarter worth about $44,000. 45.75% of the stock is owned by 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.