Getty Images Holdings, Inc. (NYSE:GETY) Major Shareholder Sells $10,086,000.00 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Getty Images Stock Performance

NYSE:GETY opened at $2.86 on Monday. The firm’s 50-day moving average is $3.69 and its 200-day moving average is $3.58. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images Holdings, Inc. has a 52-week low of $2.78 and a 52-week high of $5.77. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.83 and a beta of 2.02.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GETY shares. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research report on Tuesday, August 13th. Macquarie upped their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Citigroup reduced their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis acquired a new position in Getty Images during the 1st quarter worth $42,000. EntryPoint Capital LLC acquired a new position in shares of Getty Images during the first quarter worth about $47,000. Kessler Investment Group LLC boosted its position in Getty Images by 47.6% during the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock worth $103,000 after acquiring an additional 10,178 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Getty Images in the second quarter valued at $49,000. Finally, Ninety One UK Ltd bought a new position in shares of Getty Images in the 2nd quarter valued at about $583,000. Institutional investors own 45.75% of the company’s stock.

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.