Verition Fund Management LLC Invests $96,000 in Getty Images Holdings, Inc. (NYSE:GETY)

Verition Fund Management LLC acquired a new stake in Getty Images Holdings, Inc. (NYSE:GETY) during the third quarter, Holdings Channel.com reports. The firm acquired 25,125 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC raised its position in shares of 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 purchasing an additional 4,500 shares during the period. Spartan Fund Management Inc. bought a new position in Getty Images in the 2nd quarter worth $33,000. CIBC Asset Management Inc acquired a new position in Getty Images during the 2nd quarter worth $36,000. Intech Investment Management LLC acquired a new position in Getty Images during the 3rd quarter worth $44,000. Finally, Aigen Investment Management LP bought a new stake in Getty Images during the third quarter valued at about $48,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Macquarie lifted their price objective on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th.

Insider Transactions at Getty Images

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chinh Chu sold 17,122 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total value of $68,659.22. Following the completion of the transaction, the director now owns 9,846,814 shares of the company’s stock, valued at $39,485,724.14. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,269,927 shares of company stock worth $10,739,630. 12.30% of the stock is currently owned by company insiders.

Getty Images Trading Down 2.3 %

Shares of GETY stock opened at $2.57 on Wednesday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 21.42 and a beta of 1.86. Getty Images Holdings, Inc. has a 1 year low of $2.54 and a 1 year high of $5.77. The firm’s fifty day simple moving average is $3.40 and its 200 day simple moving average is $3.48. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

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.