ProShare Advisors LLC Increases Holdings in Getty Images Holdings, Inc. (NYSE:GETY)

ProShare Advisors LLC grew its holdings in Getty Images Holdings, Inc. (NYSE:GETY) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,255 shares of the company’s stock after acquiring an additional 9,297 shares during the period. ProShare Advisors LLC’s holdings in Getty Images were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GETY. Koch Inc. purchased a new position in shares of Getty Images in the fourth quarter valued at about $183,865,000. Vanguard Group Inc. lifted its position in shares of Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after acquiring an additional 698,829 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Getty Images by 71.2% in the fourth 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 in the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in shares of Getty Images in the fourth quarter worth about $168,000. Finally, Occudo Quantitative Strategies LP bought a new position in Getty Images during the fourth quarter valued at approximately $168,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Price Performance

NYSE:GETY opened at $1.76 on Wednesday. The firm has a market capitalization of $725.55 million, a price-to-earnings ratio of 14.63 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 business has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $2.24. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.17). The company had revenue of $224.08 million during the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other news, CEO Craig Warren Peters sold 124,624 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $264,202.88. Following the sale, the chief executive officer now directly owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cho Mikael sold 18,590 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now owns 123,862 shares in the company, valued at approximately $262,587.44. The trade was a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock valued at $480,536 in the last ninety days. Insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Tuesday, May 6th. Benchmark dropped their price target on Getty Images from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Wall Street Zen lowered Getty Images from a “buy” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Citigroup reissued a “neutral” rating and set a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.35.

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.