45,166 Shares in Getty Images Holdings, Inc. (NYSE:GETY) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in Getty Images Holdings, Inc. (NYSE:GETY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,166 shares of the company’s stock, valued at approximately $78,000.

A number of other hedge funds also recently modified their holdings of GETY. Koch Inc. bought a new position in shares of Getty Images in the fourth quarter worth $174,385,000. Toronto Dominion Bank bought a new position in shares of Getty Images in the fourth quarter worth $3,553,000. Victory Capital Management Inc. increased its position in shares of Getty Images by 139.1% in the first quarter. Victory Capital Management Inc. now owns 189,786 shares of the company’s stock worth $328,000 after purchasing an additional 110,402 shares during the period. New Vernon Capital Holdings II LLC bought a new position in shares of Getty Images in the fourth quarter worth $168,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Getty Images in the fourth quarter worth $168,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Performance

Shares of GETY stock opened at $1.81 on Friday. The business’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.92. Getty Images Holdings, Inc. has a 12 month low of $1.25 and a 12 month high of $4.49. The firm has a market capitalization of $750.81 million, a price-to-earnings ratio of -6.46 and a beta of 1.87. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 2.03.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The firm had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. During the same period in the previous year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

GETY has been the topic of a number of recent analyst reports. Benchmark cut Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a research report on Tuesday. Wall Street Zen upgraded Getty Images from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup reiterated a “neutral” rating and issued a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research report on Tuesday. Wedbush decreased their target price on Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Zacks Research upgraded Getty Images to a “hold” rating in a research report on Friday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus target price of $4.03.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the sale, the chief executive officer directly owned 1,279,686 shares of the company’s stock, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 80,010 shares of company stock worth $141,618 over the last quarter. Company insiders own 11.20% of the company’s stock.

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.