Bank of New York Mellon Corp Grows Stock Position in Getty Images Holdings, Inc. (NYSE:GETY)

Bank of New York Mellon Corp lifted its stake in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 352,388 shares of the company's stock after purchasing an additional 146,576 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of Getty Images worth $761,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Getty Images in the third quarter worth $44,000. Verition Fund Management LLC bought a new stake in shares of Getty Images in the 3rd quarter worth about $96,000. Franklin Resources Inc. bought a new stake in shares of Getty Images in the 3rd quarter worth about $221,000. Victory Capital Management Inc. grew its holdings in Getty Images by 138.5% during the 3rd quarter. Victory Capital Management Inc. now owns 59,145 shares of the company's stock valued at $225,000 after purchasing an additional 34,349 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Getty Images by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company's stock valued at $230,000 after purchasing an additional 33,942 shares during the last quarter. Institutional investors own 45.75% of the company's stock.

Getty Images Trading Down 7.5 %

NYSE:GETY traded down $0.15 during midday trading on Friday, hitting $1.79. The stock had a trading volume of 1,109,153 shares, compared to its average volume of 1,109,111. The stock has a 50-day moving average of $2.35 and a 200 day moving average of $2.91. The company has a market capitalization of $736.43 million, a price-to-earnings ratio of 14.88 and a beta of 1.97. Getty Images Holdings, Inc. has a one year low of $1.77 and a one year 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.

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Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million for the quarter, compared to analysts' expectations of $245.50 million. The business's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In related news, CTO Nathaniel Gandert sold 15,859 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares in the company, valued at $1,132,879.24. This represents a 2.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jennifer Leyden sold 29,607 shares of the firm'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 $62,766.84. Following the sale, the chief financial officer now directly owns 278,072 shares in the company, valued at approximately $589,512.64. The trade was a 9.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 226,668 shares of company stock worth $480,536. 12.30% of the stock is currently owned by corporate insiders.

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.