Intech Investment Management LLC Buys 41,316 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Intech Investment Management LLC grew its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 356.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,921 shares of the company’s stock after buying an additional 41,316 shares during the period. Intech Investment Management LLC’s holdings in Getty Images were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Getty Images by 71.2% in the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock valued at $761,000 after purchasing an additional 146,576 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Getty Images by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after buying an additional 88,533 shares during the period. Franklin Resources Inc. bought a new position in Getty Images during the third quarter worth $221,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after buying an additional 58,135 shares during the period. 45.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup reiterated a “neutral” rating and set a $2.45 price target on shares of Getty Images in a report on Monday. Macquarie reiterated a “neutral” rating and issued a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Benchmark lowered their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.60.

Insider Activity at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 124,624 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the sale, the chief executive officer now owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This trade represents a 8.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Cho Mikael sold 18,590 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the transaction, the senior vice president now owns 123,862 shares in the company, valued at $262,587.44. The trade was a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,668 shares of company stock valued at $480,536. 12.30% of the stock is owned by corporate insiders.

Getty Images Trading Down 2.3 %

NYSE GETY opened at $1.93 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a 52 week low of $1.89 and a 52 week high of $4.49. The business has a 50 day moving average price of $2.37 and a 200-day moving average price of $2.93. The company has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Getty Images 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.