Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Getty Images Stock Performance
Shares of GETY stock opened at $2.87 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.59. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.88 and a beta of 2.02. Getty Images Holdings, Inc. has a 12-month low of $2.78 and a 12-month high of $5.77.
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A number of hedge funds and other institutional investors have recently bought and sold shares of GETY. Natixis acquired a new stake in shares of Getty Images in the first quarter valued at about $42,000. EntryPoint Capital LLC purchased a new position in Getty Images in the first quarter valued at about $47,000. Kessler Investment Group LLC lifted its position in shares of Getty Images by 47.6% during the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company's stock valued at $103,000 after acquiring an additional 10,178 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Getty Images during the 2nd quarter worth approximately $49,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Getty Images in the 2nd quarter worth approximately $583,000. Institutional investors and hedge funds own 45.75% of the company's stock.
Analyst Upgrades and Downgrades
GETY has been the subject of several analyst reports. Macquarie upped their price objective on Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Benchmark restated a "buy" rating and set a $6.00 price target on shares of Getty Images in a research note on Tuesday, August 13th. Finally, Citigroup lowered their price objective on shares of Getty Images from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th.
Check Out Our Latest Analysis on GETY
Getty Images Company Profile
(
Get Free Report)
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.
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