JPMorgan Chase & Co. Buys 9,434 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

JPMorgan Chase & Co. lifted its stake in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 25.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,590 shares of the company’s stock after purchasing an additional 9,434 shares during the quarter. JPMorgan Chase & Co.’s holdings in Getty Images were worth $101,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Getty Images during the fourth quarter valued at about $33,000. Intech Investment Management LLC grew its stake in Getty Images by 356.0% during the fourth quarter. Intech Investment Management LLC now owns 52,921 shares of the company’s stock valued at $114,000 after acquiring an additional 41,316 shares in the last quarter. Jane Street Group LLC increased 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 worth $258,000 after acquiring an additional 39,477 shares during the period. Victory Capital Management Inc. lifted its stake in Getty Images by 34.2% in the 4th quarter. Victory Capital Management Inc. now owns 79,384 shares of the company’s stock worth $171,000 after purchasing an additional 20,239 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Getty Images by 145.1% in the 4th quarter. American Century Companies Inc. now owns 115,831 shares of the company’s stock valued at $250,000 after purchasing an additional 68,580 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Insider Activity at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 124,624 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the completion of the sale, the chief executive officer now owns 1,262,948 shares of the company’s stock, valued at $2,677,449.76. This represents a 8.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jennifer Leyden sold 29,607 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 transaction of $62,766.84. Following the transaction, the chief financial officer now directly owns 278,072 shares of the company’s stock, valued at approximately $589,512.64. This trade represents a 9.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock worth $480,536 in the last ninety days. 12.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GETY shares. Benchmark lowered their price objective on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. Citigroup restated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. Finally, Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.60.

Getty Images Stock Performance

Shares of NYSE GETY opened at $1.97 on Tuesday. The stock’s 50-day moving average is $1.88 and its 200 day moving average is $2.52. The stock has a market cap of $810.70 million, a price-to-earnings ratio of 16.38 and a beta of 1.98. Getty Images Holdings, Inc. has a 1-year low of $1.25 and a 1-year high of $4.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

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

Getty Images 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.