EULAV Asset Management Acquires Shares of 400,000 Getty Images Holdings, Inc. (NYSE:GETY)

EULAV Asset Management bought a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 400,000 shares of the company’s stock, valued at approximately $1,952,000. EULAV Asset Management owned about 0.10% of Getty Images at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GETY. UBS Group AG purchased a new stake in Getty Images during the 1st quarter valued at approximately $28,000. Tower Research Capital LLC TRC purchased a new stake in shares of Getty Images during the third quarter worth approximately $28,000. Delphia USA Inc. acquired a new stake in shares of Getty Images during the first quarter worth $64,000. State Street Corp acquired a new stake in shares of Getty Images in the 3rd quarter worth $73,000. Finally, Barclays PLC purchased a new stake in Getty Images in the 1st quarter valued at approximately $78,000. 43.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Getty Images

In other news, SVP Cho Mikael sold 84,617 shares of Getty Images stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $4.97, for a total value of $420,546.49. Following the transaction, the senior vice president now directly owns 158,925 shares of the company’s stock, valued at $789,857.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Getty Images news, CEO Craig Warren Peters sold 47,450 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $6.53, for a total value of $309,848.50. Following the completion of the sale, the chief executive officer now owns 1,074,935 shares in the company, valued at approximately $7,019,325.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cho Mikael sold 84,617 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $4.97, for a total transaction of $420,546.49. Following the completion of the transaction, the senior vice president now owns 158,925 shares in the company, valued at $789,857.25. The disclosure for this sale can be found here. Insiders sold 568,096 shares of company stock valued at $3,560,134 over the last 90 days. 13.00% of the stock is currently owned by corporate insiders.

Getty Images Stock Performance

Shares of NYSE:GETY opened at $4.47 on Wednesday. Getty Images Holdings, Inc. has a 52 week low of $3.42 and a 52 week high of $8.22. The firm’s 50 day moving average is $5.35 and its two-hundred day moving average is $5.17. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.89 and a current ratio of 0.89.

Analyst Ratings Changes

A number of equities research analysts have commented on GETY shares. Macquarie reduced their target price on Getty Images from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 16th. Benchmark raised their price objective on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Imperial Capital raised Getty Images from an “in-line” rating to an “outperform” rating and set a $5.75 target price on the stock in a report on Tuesday, August 15th. Redburn Atlantic downgraded Getty Images from a “buy” rating to a “neutral” rating and set a $6.00 price target for the company. in a research note on Tuesday, October 3rd. Finally, Citigroup decreased their price objective on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.24.

About Getty Images

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.