Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells 6,174 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,174 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $13,582.80. Following the completion of the sale, the chief marketing officer now owns 445,773 shares in the company, valued at approximately $980,700.60. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Getty Images Price Performance

Shares of GETY stock opened at $2.19 on Friday. Getty Images Holdings, Inc. has a 12 month low of $2.10 and a 12 month high of $5.77. The company has a market capitalization of $900.25 million, a PE ratio of 18.25 and a beta of 1.86. The firm’s 50-day moving average is $3.14 and its two-hundred day moving average is $3.41. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after acquiring an additional 7,267 shares in the last quarter. FMR LLC boosted its position in Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of Getty Images in the second quarter worth $33,000. CIBC Asset Management Inc acquired a new stake in shares of Getty Images in the second quarter valued at $36,000. Finally, Intech Investment Management LLC purchased a new position in Getty Images in the third quarter valued at $44,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

GETY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie upped their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research 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 stock currently has an average rating of “Hold” and an average target price 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.