Getty Images Holdings, Inc. (NYSE:GETY) Shares Bought by State Street Corp

State Street Corp raised its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY - Free Report) by 46.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,474,167 shares of the company's stock after acquiring an additional 466,521 shares during the quarter. State Street Corp owned approximately 0.36% of Getty Images worth $5,617,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GETY. Verition Fund Management LLC acquired a new stake in Getty Images during the 3rd quarter worth $96,000. MetLife Investment Management LLC grew its holdings in shares of Getty Images by 129.1% during the third quarter. MetLife Investment Management LLC now owns 60,238 shares of the company's stock worth $230,000 after purchasing an additional 33,942 shares during the last quarter. FMR LLC grew its holdings in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company's stock worth $633,000 after purchasing an additional 7,897 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company's stock worth $2,000,000 after purchasing an additional 58,135 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Getty Images in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

Getty Images Stock Performance

Shares of NYSE GETY traded down $0.10 during midday trading on Friday, reaching $2.19. 510,822 shares of the company were exchanged, compared to its average volume of 489,037. The stock has a market cap of $900.25 million, a P/E ratio of 18.25 and a beta of 1.86. Getty Images Holdings, Inc. has a 1 year low of $2.10 and a 1 year high of $5.77. The stock has a fifty day simple moving average of $3.14 and a 200 day simple moving average of $3.41. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Buying and Selling at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the company's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the transaction, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. This represents a 4.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chinh Chu sold 8,243 shares of Getty Images stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $4.01, for a total transaction of $33,054.43. Following the completion of the sale, the director now directly owns 9,795,163 shares in the company, 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. In the last ninety days, insiders have sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GETY has been the topic of a number of research reports. Macquarie raised their price target on Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Getty Images currently has a consensus rating of "Hold" and an average price target of $5.61.

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.