Intech Investment Management LLC Buys 41,316 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Intech Investment Management LLC boosted its stake in Getty Images Holdings, Inc. (NYSE:GETY) by 356.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,921 shares of the company’s stock after purchasing an additional 41,316 shares during the period. Intech Investment Management LLC’s holdings in Getty Images were worth $114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of Getty Images in the 3rd quarter worth approximately $96,000. Franklin Resources Inc. bought a new stake in shares of Getty Images in the third quarter valued at $221,000. Victory Capital Management Inc. lifted its position in shares of Getty Images by 138.5% during the 3rd quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock valued at $225,000 after buying an additional 34,349 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Getty Images by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock worth $230,000 after acquiring an additional 33,942 shares during the period. Finally, Jane Street Group LLC increased its holdings in Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after acquiring an additional 39,477 shares during the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Price Performance

Shares of NYSE:GETY opened at $1.93 on Friday. The company has a 50 day moving average of $2.37 and a 200 day moving average of $2.93. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. Getty Images Holdings, Inc. has a 12 month low of $1.89 and a 12 month high of $4.49.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

GETY has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. Citigroup reaffirmed a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a report on Monday. Benchmark reduced their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.60.

Insiders Place Their Bets

In other news, CTO Nathaniel Gandert sold 15,859 shares of Getty Images stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. The trade was a 2.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cho Mikael sold 18,590 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the transaction, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,668 shares of company stock worth $480,536 in the last ninety days. 12.30% of the stock is currently owned by insiders.

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.