Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells 12,342 Shares of Stock

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

Getty Images Stock Down 4.4 %

NYSE GETY opened at $2.19 on Friday. Getty Images Holdings, Inc. has a 1 year low of $2.10 and a 1 year high of $5.77. The stock has a market capitalization of $900.25 million, a PE ratio of 18.25 and a beta of 1.86. 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 $3.14 and its 200 day moving average is $3.41.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Macquarie increased their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed 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, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.61.

Institutional Investors Weigh In On Getty Images

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after acquiring an additional 88,533 shares in the last quarter. State Street Corp grew its stake 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 purchasing an additional 466,521 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after purchasing an additional 58,135 shares during the period. Bank of New York Mellon Corp purchased a new position in Getty Images during the second quarter valued at $910,000. Finally, FMR LLC lifted its position in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares during the period. Institutional investors own 45.75% of the company’s stock.

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.