MetLife Investment Management LLC Acquires 33,942 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

MetLife Investment Management LLC raised its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 129.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 60,238 shares of the company’s stock after acquiring an additional 33,942 shares during the period. MetLife Investment Management LLC’s holdings in Getty Images were worth $230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Getty Images during the second quarter worth about $910,000. Ninety One UK Ltd acquired a new position in shares of Getty Images in the 2nd quarter valued at $583,000. Rhumbline Advisers bought a new stake in shares of Getty Images in the 2nd quarter valued at $392,000. Charles Schwab Investment Management Inc. raised its stake in Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Getty Images by 136.7% in the second 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 period. 45.75% of the stock is currently owned by institutional investors.

Getty Images Stock Performance

Shares of GETY opened at $2.82 on Monday. The firm has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.52. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a 12 month low of $2.64 and a 12 month high of $5.77. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 23.50 and a beta of 1.86.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GETY. Citigroup dropped their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Finally, Macquarie raised their price objective on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th.

Insider Activity

In other news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images stock in a transaction dated Tuesday, September 24th. The shares were 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 owns 258,630 shares of the company’s stock, valued at $933,654.30. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the sale, the chief executive officer now directly owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,269,927 shares of company stock worth $10,739,630 in the last quarter. Corporate 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.