Vanguard Group Inc. Grows Stake in Getty Images Holdings, Inc. (NYSE:GETY)

Vanguard Group Inc. lifted its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,225,249 shares of the company’s stock after buying an additional 698,829 shares during the period. Vanguard Group Inc. owned approximately 2.49% of Getty Images worth $22,087,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after acquiring an additional 58,135 shares during the period. Franklin Resources Inc. acquired a new position in shares of Getty Images during the third quarter worth $221,000. Barclays PLC boosted its stake in shares of Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the period. Jane Street Group LLC grew its holdings in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after purchasing an additional 39,477 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after buying an additional 146,576 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

Insider Buying and Selling

In other Getty Images news, CEO Craig Warren Peters sold 124,624 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the transaction, the chief executive officer now owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This represents a 8.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cho Mikael sold 18,590 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock worth $480,536 in the last three months. 12.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GETY shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark reduced their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, March 18th. Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a report on Monday, March 24th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Finally, Macquarie reissued a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.60.

Getty Images Trading Up 1.6 %

NYSE:GETY opened at $1.64 on Wednesday. Getty Images Holdings, Inc. has a 52 week low of $1.25 and a 52 week high of $4.49. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $674.55 million, a PE ratio of 13.63 and a beta of 2.00. The business’s 50 day moving average is $2.05 and its two-hundred day moving average is $2.71.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million during the quarter, compared to analyst estimates of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

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.