Bank of America Corp DE Buys 22,248 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Bank of America Corp DE boosted its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,444 shares of the company’s stock after purchasing an additional 22,248 shares during the quarter. Bank of America Corp DE’s holdings in Getty Images were worth $178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of Getty Images during the 4th quarter worth about $27,000. Aristeia Capital L.L.C. acquired a new position in Getty Images during the 4th quarter worth approximately $28,000. Ameriprise Financial Inc. bought a new position in Getty Images in the fourth quarter worth approximately $28,000. Virtu Financial LLC acquired a new stake in Getty Images in the fourth quarter valued at approximately $33,000. Finally, Oxford Asset Management LLP acquired a new stake in Getty Images in the fourth quarter valued at approximately $33,000. 45.75% of the stock is owned by institutional investors.

Getty Images Price Performance

Shares of NYSE:GETY opened at $1.77 on Monday. 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 market cap of $729.68 million, a PE ratio of 14.71 and a beta of 1.91. The stock’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $2.17. Getty Images Holdings, Inc. has a 1-year low of $1.25 and a 1-year high of $4.49.

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

Insider Buying and Selling

In other news, CEO Craig Warren Peters sold 124,624 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,677,449.76. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Cho Mikael sold 18,590 shares of the company’s 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,668 shares of company stock worth $480,536. 12.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GETY shares. Benchmark cut their target price on Getty Images from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Wall Street Zen lowered shares of Getty Images from a “buy” rating to a “sell” rating in a research note on Thursday, May 22nd. Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a report on Tuesday, May 6th. Finally, Citigroup restated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Two research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.35.

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.