Traders Buy High Volume of Getty Images Call Options (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 7,178 call options on the company. This represents an increase of approximately 1,389% compared to the typical daily volume of 482 call options.

Getty Images Trading Up 23.7 %

NYSE GETY traded up $0.61 during trading on Tuesday, reaching $3.18. 65,531,353 shares of the stock traded hands, compared to its average volume of 19,022,533. Getty Images has a fifty-two week low of $2.06 and a fifty-two week high of $5.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 26.50 and a beta of 1.93. The stock's 50-day moving average price is $2.93 and its 200 day moving average price is $3.34.

Insiders Place Their Bets

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chinh Chu sold 8,243 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $4.01, for a total transaction of $33,054.43. Following the sale, the director now directly owns 9,795,163 shares of the company's stock, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock worth $10,629,182 over the last 90 days. Corporate insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new position in shares of Getty Images in the second quarter valued at approximately $36,000. Intech Investment Management LLC acquired a new position in Getty Images in the 3rd quarter worth $44,000. Principal Financial Group Inc. bought a new position in Getty Images during the 2nd quarter worth about $44,000. Aigen Investment Management LP acquired a new stake in shares of Getty Images in the 3rd quarter valued at about $48,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Getty Images in the second quarter valued at about $91,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Analyst Ratings Changes

GETY has been the topic of several research reports. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie increased their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Finally, Wedbush restated an "outperform" rating and issued a $7.70 price objective on shares of Getty Images in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Getty Images currently has a consensus rating of "Hold" and an average price target of $5.61.

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.