Getty Images (NYSE:GETY) Sees Strong Trading Volume – Still a Buy?

Shares of Getty Images Holdings, Inc. (NYSE:GETY) saw an uptick in trading volume on Thursday . 280,486 shares traded hands during trading, a decline of 42% from the previous session’s volume of 487,125 shares.The stock last traded at $2.19 and had previously closed at $2.24.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GETY. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie lifted their price objective on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Trading Up 1.8 %

The stock has a market cap of $937.25 million, a PE ratio of 19.00 and a beta of 1.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a 50-day simple moving average of $3.21 and a 200-day simple moving average of $3.42.

Insiders Place Their Bets

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chinh Chu sold 8,243 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $4.01, for a total transaction of $33,054.43. Following the completion of the transaction, the director now directly owns 9,795,163 shares in the company, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,196,355 shares of company stock worth $10,474,035 in the last quarter. 12.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GETY. Dimensional Fund Advisors LP raised its stake in Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after purchasing an additional 7,267 shares in the last quarter. FMR LLC lifted its holdings in shares of Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Getty Images during the 2nd quarter worth $33,000. CIBC Asset Management Inc purchased a new position in Getty Images in the second quarter worth $36,000. Finally, Intech Investment Management LLC bought 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.

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.