Getty Images Target of Unusually High Options Trading (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 20,758 put options on the company. This is an increase of approximately 3,108% compared to the typical daily volume of 647 put options.

Analyst Ratings Changes

GETY has been the topic of a number of analyst reports. Wedbush reissued an "outperform" rating and issued a $7.70 price target on shares of Getty Images in a research report on Tuesday. Macquarie reiterated a "neutral" rating and issued a $3.75 target price on shares of Getty Images in a research note on Wednesday. Finally, JPMorgan Chase & Co. reissued 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, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.61.

Insider Transactions at Getty Images

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the transaction, the director now owns 9,846,814 shares of the company's stock, valued at $39,485,724.14. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the business's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock valued at $10,629,182 in the last quarter. Insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. purchased a new position in Getty Images during the 3rd quarter valued at approximately $221,000. Barclays PLC grew its holdings in shares of Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company's stock valued at $596,000 after purchasing an additional 49,995 shares in the last quarter. Geode Capital Management LLC increased its position in Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company's stock worth $6,340,000 after purchasing an additional 88,533 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company's stock valued at $258,000 after acquiring an additional 39,477 shares during the last quarter. Finally, State Street Corp increased its position in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after acquiring an additional 466,521 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors.

Getty Images Stock Performance

Shares of NYSE:GETY traded down $0.58 during mid-day trading on Wednesday, reaching $2.61. 12,318,520 shares of the company traded hands, compared to its average volume of 17,738,850. The company's 50 day moving average price is $2.93 and its 200-day moving average price is $3.34. The firm has a market cap of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93. Getty Images has a 52 week low of $2.06 and a 52 week high of $5.77. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

About Getty Images

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.