Getty Images Holdings, Inc. (NYSE:GETY) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 352,388 shares of the company’s stock after purchasing an additional 146,576 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of Getty Images worth $761,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Getty Images in the 3rd quarter worth $44,000. Verition Fund Management LLC acquired a new position in shares of Getty Images in the 3rd quarter valued at about $96,000. Franklin Resources Inc. purchased a new stake in shares of Getty Images in the third quarter worth approximately $221,000. Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 34,349 shares during the period. Finally, MetLife Investment Management LLC grew its position in Getty Images by 129.1% during the third quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock valued at $230,000 after purchasing an additional 33,942 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GETY. Benchmark decreased their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Macquarie reissued a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Finally, Citigroup restated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.60.

Getty Images Stock Performance

GETY opened at $1.98 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $814.82 million, a PE ratio of 16.46 and a beta of 1.97. The stock has a 50-day moving average of $2.39 and a 200-day moving average of $2.93. Getty Images Holdings, Inc. has a 52-week low of $1.90 and a 52-week high of $4.49.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Getty Images 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.