Getty Images (NYSE:GETY) Sees Unusually-High Trading Volume – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY) shares saw an uptick in trading volume on Friday . 430,267 shares changed hands during trading, an increase of 36% from the previous session’s volume of 315,785 shares.The stock last traded at $2.34 and had previously closed at $2.11.

Analyst Ratings Changes

A number of brokerages recently weighed in on GETY. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie lifted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Getty Images has an average rating of “Hold” and an average price target of $5.61.

Getty Images Stock Up 13.3 %

The firm has a market capitalization of $982.47 million, a price-to-earnings ratio of 19.92 and a beta of 1.86. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day moving average of $2.97 and a two-hundred day moving average of $3.35.

Insider Activity

In related news, Director Chinh Chu sold 8,243 shares of Getty Images stock in a transaction on Friday, October 18th. The shares were 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 owns 9,795,163 shares of the company’s stock, valued at $39,278,603.63. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares in the company, valued at $574,274.80. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,266,876 shares of company stock valued at $10,629,182. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Getty Images by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after buying an additional 88,533 shares in the last quarter. State Street Corp lifted its position in shares of Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after acquiring an additional 466,521 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after acquiring an additional 58,135 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Getty Images in the second quarter worth $910,000. Finally, FMR LLC increased its stake in Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. 45.75% of the stock is currently 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.