Getty Images Holdings, Inc. (NYSE:GETY) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,987 shares of the company’s stock after acquiring an additional 58,135 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.13% of Getty Images worth $2,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GETY. Bank of New York Mellon Corp bought a new position in Getty Images during the second quarter valued at about $910,000. Victory Capital Management Inc. increased its stake in shares of Getty Images by 138.5% in the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock valued at $225,000 after buying an additional 34,349 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Getty Images by 136.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock worth $223,000 after buying an additional 39,423 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Getty Images during the second quarter worth approximately $49,000. Finally, Aigen Investment Management LP bought a new stake in shares of Getty Images in the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Insider Activity

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, CEO Craig Warren Peters sold 32,170 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,269,927 shares of company stock worth $10,739,630. Insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie upped their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th.

Getty Images Price Performance

Getty Images stock opened at $2.63 on Tuesday. The stock has a fifty day moving average of $3.42 and a 200-day moving average of $3.49. The stock has a market capitalization of $1.08 billion, a P/E ratio of 21.92 and a beta of 1.86. Getty Images Holdings, Inc. has a 52 week low of $2.59 and a 52 week high of $5.77. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

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.