Geode Capital Management LLC Purchases 88,533 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Geode Capital Management LLC boosted its position in Getty Images Holdings, Inc. (NYSE:GETY) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,663,955 shares of the company’s stock after acquiring an additional 88,533 shares during the quarter. Geode Capital Management LLC owned 0.40% of Getty Images worth $6,340,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position 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 valued at $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Barclays PLC increased its position in Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Getty Images in the 2nd quarter valued at approximately $910,000. State Street Corp boosted its position in Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock worth $225,000 after buying an additional 34,349 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Up 13.3 %

Shares of Getty Images stock opened at $2.39 on Friday. The firm has a market cap of $982.47 million, a price-to-earnings ratio of 19.92 and a beta of 1.86. The stock’s 50-day moving average is $2.97 and its 200 day moving average is $3.35. 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 one year low of $2.06 and a one year high of $5.77.

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were 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. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,266,876 shares of company stock valued at $10,629,182. Corporate insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on GETY shares. Macquarie lifted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.61.

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.