Getty Images’ (GETY) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Getty Images (NYSE:GETY) in a research report sent to investors on Wednesday, MarketBeat reports.

Separately, Macquarie boosted their price target on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.61.

Getty Images Trading Down 0.4 %

Shares of Getty Images stock opened at $2.28 on Wednesday. The company’s 50-day moving average price is $3.31 and its 200-day moving average price is $3.46. The company has a market cap of $937.25 million, a price-to-earnings ratio of 19.00 and a beta of 1.86. Getty Images has a 12-month low of $2.20 and a 12-month high of $5.77. 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 Activity at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jennifer Leyden sold 12,124 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $43,767.64. Following the completion of the sale, the chief financial officer now directly owns 273,376 shares of the company’s stock, valued at approximately $986,887.36. This represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,269,927 shares of company stock valued at $10,739,630 over the last three months. 12.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GETY. Geode Capital Management LLC raised its position in Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after purchasing an additional 88,533 shares during the period. State Street Corp grew its stake in shares of Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Getty Images in the 2nd quarter valued at about $910,000. Finally, FMR LLC boosted its holdings in Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after acquiring an additional 7,897 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.