Getty Images Target of Unusually High Options Trading (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) saw some unusual options trading on Tuesday. Stock investors bought 7,178 call options on the company. This is an increase of 1,389% compared to the typical volume of 482 call options.

Getty Images Stock Up 23.7 %

Shares of NYSE:GETY opened at $3.18 on Wednesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 26.50 and a beta of 1.93. Getty Images has a one year low of $2.06 and a one year high of $5.77. The firm has a fifty day moving average price of $2.93 and a two-hundred day moving average price of $3.34. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Wall Street Analysts Forecast Growth

GETY has been the topic of a number of analyst reports. Macquarie boosted their target price on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research note on Tuesday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.61.

Insider Activity at Getty Images

In related news, Director Chinh Chu sold 8,243 shares of Getty Images stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $4.01, for a total value of $33,054.43. Following the sale, the director now owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was 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 directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,266,876 shares of company stock valued at $10,629,182. 12.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Getty Images

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. purchased a new position in Getty Images in the 3rd quarter worth approximately $221,000. Barclays PLC grew its position in Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after acquiring an additional 49,995 shares in the last quarter. Geode Capital Management LLC increased its stake in Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after acquiring an additional 88,533 shares during the last quarter. Jane Street Group LLC increased its stake in Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after acquiring an additional 39,477 shares during the last quarter. Finally, State Street Corp raised its position in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Institutional investors own 45.75% 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.