Marshall Wace LLP Has $225,000 Position in Getty Images Holdings, Inc. (NYSE:GETY)

Marshall Wace LLP decreased its holdings in Getty Images Holdings, Inc. (NYSE:GETY) by 64.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,994 shares of the company’s stock after selling 126,281 shares during the quarter. Marshall Wace LLP’s holdings in Getty Images were worth $225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GETY. Byrne Asset Management LLC increased its stake in Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after acquiring an additional 4,500 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of Getty Images in the 2nd quarter worth approximately $33,000. CIBC Asset Management Inc acquired a new position in shares of Getty Images in the 2nd quarter worth approximately $36,000. Natixis bought a new position in shares of Getty Images during the 1st quarter worth approximately $42,000. Finally, Principal Financial Group Inc. acquired a new stake in Getty Images in the 2nd quarter valued at $44,000. 45.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GETY. Macquarie dropped their price objective on Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Finally, Citigroup decreased their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $3.77 on Friday. The business has a fifty day moving average of $3.54 and a 200-day moving average of $3.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.78 and a current ratio of 0.78. Getty Images Holdings, Inc. has a twelve month low of $2.88 and a twelve month high of $6.11. The firm has a market cap of $1.55 billion, a PE ratio of 47.13 and a beta of 2.05.

Getty Images (NYSE:GETY) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The company had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Getty Images Holdings, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In other news, CEO Craig Warren Peters sold 32,170 shares of the firm’s 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 transaction, the chief executive officer now owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was 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 directly owns 1,245,401 shares of the company’s stock, valued at $4,495,897.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $29,132.70. Following the transaction, the general counsel now directly owns 258,630 shares in the company, valued at approximately $933,654.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,572 shares of company stock worth $265,595. Insiders own 12.30% 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.