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

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of unusually large options trading on Wednesday. Investors acquired 20,758 put options on the stock. This represents an increase of 3,108% compared to the average volume of 647 put options.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GETY. Dimensional Fund Advisors LP boosted 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 during the period. FMR LLC boosted its position in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Getty Images during the second quarter worth $36,000. Intech Investment Management LLC purchased a new position in shares of Getty Images during the third quarter worth $44,000. Finally, Aigen Investment Management LP purchased a new position in shares of Getty Images during the third quarter worth $48,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Trading Down 18.2 %

Shares of Getty Images stock opened at $2.61 on Thursday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93. Getty Images has a fifty-two week low of $2.06 and a fifty-two week high of $5.77. 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 50 day moving average of $2.90 and a 200 day moving average of $3.34.

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.