Getty Images Sees Unusually Large Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) saw some unusual options trading activity on Tuesday. Stock traders bought 7,178 call options on the company. This represents an increase of 1,389% compared to the typical volume of 482 call options.

Analyst Ratings Changes

GETY has been the topic of several recent analyst reports. Macquarie lifted their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated 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 assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.61.

Getty Images Stock Up 29.2 %

Getty Images stock traded up $0.75 during mid-day trading on Tuesday, reaching $3.32. The stock had a trading volume of 47,078,960 shares, compared to its average volume of 13,994,622. Getty Images has a one year low of $2.06 and a one year high of $5.77. The company has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $3.35. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.67 and a beta of 1.93.

Insider Activity

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction that occurred on 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 transaction, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

A number of hedge funds have recently bought and sold shares of GETY. Bank of New York Mellon Corp purchased a new position in Getty Images in the 2nd quarter worth about $910,000. Principal Financial Group Inc. bought a new position in Getty Images in the 2nd quarter worth approximately $44,000. CIBC Asset Management Inc bought a new position in Getty Images in the 2nd quarter worth approximately $36,000. Rhumbline Advisers bought a new position in Getty Images in the 2nd quarter worth approximately $392,000. Finally, Dimensional Fund Advisors LP boosted its stake in Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.