State Street Corp Has $5.62 Million Holdings in Getty Images Holdings, Inc. (NYSE:GETY)

State Street Corp boosted its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 46.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,474,167 shares of the company’s stock after purchasing an additional 466,521 shares during the quarter. State Street Corp owned about 0.36% of Getty Images worth $5,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GETY. Spartan Fund Management Inc. purchased a new stake in shares of Getty Images in the second quarter worth approximately $33,000. CIBC Asset Management Inc bought a new stake in shares of Getty Images in the 2nd quarter worth $36,000. Intech Investment Management LLC purchased a new stake in shares of Getty Images in the third quarter valued at about $44,000. Principal Financial Group Inc. bought a new position in shares of Getty Images during the second quarter valued at about $44,000. Finally, Aigen Investment Management LP bought a new position in shares of Getty Images during the 3rd quarter worth approximately $48,000. 45.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie increased their target price 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. One investment 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. According to data from MarketBeat, Getty Images currently has an average rating of “Hold” and an average target price of $5.61.

Getty Images Price Performance

NYSE:GETY opened at $2.19 on Friday. The firm has a market capitalization of $900.25 million, a price-to-earnings ratio of 18.25 and a beta of 1.86. 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 stock has a fifty day moving average of $3.14 and a 200 day moving average of $3.41. Getty Images Holdings, Inc. has a 52-week low of $2.10 and a 52-week high of $5.77.

Insider Transactions at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The shares were 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 approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chinh Chu sold 17,122 shares of Getty Images stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $68,659.22. Following the completion of the transaction, the director now owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,266,876 shares of company stock valued at $10,629,182. 12.30% of the stock is owned by corporate insiders.

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.