Franklin Resources Inc. Purchases Shares of 58,783 Getty Images Holdings, Inc. (NYSE:GETY)

Franklin Resources Inc. acquired a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,783 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after buying an additional 7,267 shares in the last quarter. FMR LLC lifted its stake in Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Getty Images in the 2nd quarter valued at approximately $36,000. Intech Investment Management LLC acquired a new stake in shares of Getty Images in the 3rd quarter valued at $44,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Getty Images during the 3rd quarter worth $48,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Price Performance

Shares of NYSE:GETY opened at $2.16 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images Holdings, Inc. has a 12 month low of $2.06 and a 12 month high of $5.77. The firm has a market capitalization of $887.92 million, a P/E ratio of 18.00 and a beta of 1.86. The company’s fifty day moving average price is $3.07 and its 200 day moving average price is $3.38.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie raised their target price on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.61.

Insider Transactions at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the sale, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Corporate insiders own 12.30% of the company’s stock.

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.