Intech Investment Management LLC Takes Position in Getty Images Holdings, Inc. (NYSE:GETY)

Intech Investment Management LLC acquired a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,605 shares of the company’s stock, valued at approximately $44,000.

Several other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Getty Images during the second quarter valued at approximately $910,000. Ninety One UK Ltd purchased a new stake in shares of Getty Images during the second quarter worth $583,000. Rhumbline Advisers acquired a new stake in shares of Getty Images during the 2nd quarter valued at about $392,000. The Manufacturers Life Insurance Company increased its holdings in Getty Images by 136.7% in the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock worth $223,000 after buying an additional 39,423 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock valued at $225,000 after acquiring an additional 34,349 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $29,132.70. Following the sale, the general counsel now directly owns 258,630 shares in the company, valued at approximately $933,654.30. The trade was a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 4,269,927 shares of company stock valued at $10,739,630. Insiders own 12.30% of the company’s stock.

Getty Images Stock Down 0.7 %

Getty Images stock opened at $2.80 on Tuesday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 23.33 and a beta of 1.87. The firm has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $3.52. Getty Images Holdings, Inc. has a fifty-two week low of $2.64 and a fifty-two week high of $5.77. 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 recent research reports. Citigroup cut their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Finally, Macquarie increased their price objective on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th.

Getty Images Company Profile

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.