Neuberger Berman Group Llc Sells 3,470,917 Shares of Getty Images (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of Getty Images stock in a transaction on Friday, October 31st. The shares were sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the completion of the sale, the insider directly owned 70,641,345 shares of the company’s stock, valued at approximately $160,355,853.15. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Neuberger Berman Group Llc also recently made the following trade(s):

• On Wednesday, October 29th, Neuberger Berman Group Llc sold 63,000 shares of Getty Images stock. The shares were sold at an average price of $2.08, for a total transaction of $131,040.00.

Getty Images Trading Down 2.8%

GETY opened at $1.73 on Thursday. Getty Images Holdings, Inc. has a 1-year low of $1.25 and a 1-year high of $4.49. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03. The company has a market cap of $717.62 million, a P/E ratio of -6.18 and a beta of 1.89. The company has a fifty day moving average price of $2.02 and a two-hundred day moving average price of $1.88.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The company had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. During the same period last year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. Analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Benchmark downgraded shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a research report on Tuesday, August 12th. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research report on Friday, October 31st. Finally, Citigroup reissued a “neutral” rating and set a $1.85 target price (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Getty Images currently has an average rating of “Reduce” and an average target price of $4.03.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in GETY. Invenomic Capital Management LP bought a new stake in Getty Images in the 1st quarter worth about $4,646,000. JPMorgan Chase & Co. grew its position in Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after purchasing an additional 742,008 shares in the last quarter. TIG Advisors LLC bought a new stake in Getty Images in the 1st quarter worth about $654,000. Jane Street Group LLC bought a new stake in Getty Images in the 2nd quarter worth about $534,000. Finally, AQR Capital Management LLC grew its position in Getty Images by 1,201.6% in the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock worth $476,000 after purchasing an additional 254,146 shares in the last quarter. 45.75% of the stock is owned by institutional investors.

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.