Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells $13,582.80 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,174 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $13,582.80. Following the completion of the sale, the chief marketing officer now owns 445,773 shares in the company, valued at approximately $980,700.60. This represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Price Performance

NYSE:GETY opened at $2.19 on Friday. The company has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.41. Getty Images Holdings, Inc. has a 1-year low of $2.10 and a 1-year high of $5.77. The firm has a market cap 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 current ratio of 0.79 and a quick ratio of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of Getty Images during the 3rd quarter valued at about $221,000. Barclays PLC boosted its position in Getty Images by 47.1% during the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 88,533 shares during the period. Jane Street Group LLC raised its stake in shares of Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after buying an additional 39,477 shares during the period. Finally, State Street Corp lifted its position in shares of Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GETY. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie increased their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.