SG Americas Securities LLC Takes Position in Getty Images Holdings, Inc. (NYSE:GETY)

SG Americas Securities LLC purchased a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) in the third quarter, HoldingsChannel.com reports. The firm purchased 35,347 shares of the company’s stock, valued at approximately $135,000.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Getty Images by 136.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after acquiring an additional 39,423 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Getty Images during the second quarter worth approximately $91,000. Dimensional Fund Advisors LP lifted its holdings in shares of Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares during the period. Rhumbline Advisers purchased a new position in Getty Images in the 2nd quarter valued at $392,000. Finally, CIBC Asset Management Inc acquired a new position in Getty Images in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Insider Buying and Selling

In related news, CEO Craig Warren Peters sold 32,170 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $116,133.70. Following the sale, the chief executive officer now directly owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $29,132.70. Following the completion of the transaction, the general counsel now directly owns 258,630 shares of the company’s stock, valued at $933,654.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares in the company, valued at $4,495,897.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,937 shares of company stock valued at $367,309. 12.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on GETY. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Getty Images in a report on Tuesday, August 13th. Macquarie lowered their price objective on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Citigroup reduced their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Getty Images Stock Up 0.4 %

Shares of NYSE GETY opened at $3.93 on Friday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 49.07 and a beta of 2.05. Getty Images Holdings, Inc. has a 52 week low of $2.88 and a 52 week high of $5.77. The firm has a 50-day moving average price of $3.67 and a 200 day moving average price of $3.63. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.92.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $229.14 million for the quarter, compared to analyst estimates of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.11 EPS for the current fiscal year.

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.