Bank of New York Mellon Corp Has $761,000 Stake in Getty Images Holdings, Inc. (NYSE:GETY)

Bank of New York Mellon Corp boosted its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 71.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,388 shares of the company’s stock after buying an additional 146,576 shares during the period. Bank of New York Mellon Corp’s holdings in Getty Images were worth $761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Getty Images during the 3rd quarter valued at about $44,000. Verition Fund Management LLC bought a new position in Getty Images during the third quarter worth about $96,000. Franklin Resources Inc. acquired a new stake in Getty Images during the third quarter valued at approximately $221,000. Victory Capital Management Inc. grew its stake in shares of Getty Images by 138.5% in the 3rd quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock valued at $225,000 after purchasing an additional 34,349 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Getty Images by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock worth $230,000 after buying an additional 33,942 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GETY. 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. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark reduced their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research note on Thursday, March 13th. Finally, Citigroup reiterated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.60.

Getty Images Trading Down 4.1 %

Shares of NYSE GETY opened at $1.98 on Thursday. Getty Images Holdings, Inc. has a 1-year low of $1.90 and a 1-year high of $4.49. 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 company has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.93. The company has a market cap of $814.82 million, a PE ratio of 16.46 and a beta of 1.97.

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

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.