Jane Street Group LLC Grows Position in Getty Images Holdings, Inc. (NYSE:GETY)

Jane Street Group LLC raised its position in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 139.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,712 shares of the company’s stock after buying an additional 39,477 shares during the quarter. Jane Street Group LLC’s holdings in Getty Images were worth $258,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Getty Images in the 2nd quarter valued at approximately $44,000. Intech Investment Management LLC bought a new stake in shares of Getty Images in the 3rd quarter valued at approximately $44,000. Aigen Investment Management LP bought a new stake in shares of Getty Images in the 3rd quarter valued at approximately $48,000. Renaissance Technologies LLC bought a new stake in shares of Getty Images in the 2nd quarter valued at approximately $91,000. Finally, Verition Fund Management LLC bought a new stake in shares of Getty Images during the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Insider Activity

In other news, CEO Craig Warren Peters sold 32,753 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 value of $72,056.60. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chinh Chu sold 8,243 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $4.01, for a total value of $33,054.43. Following the transaction, the director now owns 9,795,163 shares in the company, valued at $39,278,603.63. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,266,876 shares of company stock valued at $10,629,182 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Getty Images Price Performance

Getty Images stock opened at $2.63 on Friday. 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 business’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $3.33. The company has a market cap of $1.08 billion, a PE ratio of 21.92 and a beta of 1.93. Getty Images Holdings, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $5.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Getty Images in a research note on Friday. Macquarie reissued a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research note on Wednesday. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Tuesday. 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’s stock. Based on data from MarketBeat.com, Getty Images currently has an average rating of “Hold” and an average target price of $5.61.

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.