Getty Images (NYSE:GETY) Sees Large Volume Increase - Here's Why

Shares of Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) saw strong trading volume on Friday . 430,267 shares were traded during trading, an increase of 36% from the previous session's volume of 315,785 shares.The stock last traded at $2.34 and had previously closed at $2.11.

Analyst Ratings Changes

Several research firms have weighed in on GETY. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie upped their price objective on Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.61.

Getty Images Price Performance

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 firm has a market capitalization of $982.47 million, a P/E ratio of 19.92 and a beta of 1.86. The company has a 50 day moving average of $2.97 and a 200-day moving average of $3.35.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 48,400 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the transaction, the director now owns 9,706,670 shares of the company's stock, valued at approximately $39,312,013.50. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company's stock, valued at approximately $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,266,876 shares of company stock worth $10,629,182 in the last 90 days. Company insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Getty Images during the second quarter valued at $910,000. Principal Financial Group Inc. bought a new position in Getty Images during the 2nd quarter worth $44,000. CIBC Asset Management Inc bought a new position in Getty Images during the 2nd quarter worth $36,000. Rhumbline Advisers bought a new stake in shares of Getty Images in the 2nd quarter valued at about $392,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company's stock valued at $155,000 after acquiring an additional 7,267 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors.

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.