Getty Images Holdings, Inc. (NYSE:GETY) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 713,835 shares of the company’s stock after acquiring an additional 20,753 shares during the quarter. Northern Trust Corp’s holdings in Getty Images were worth $1,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Getty Images during the fourth quarter worth approximately $33,000. Oxford Asset Management LLP bought a new stake in Getty Images during the fourth quarter worth approximately $33,000. Price T Rowe Associates Inc. MD boosted its holdings in Getty Images by 15.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock worth $80,000 after buying an additional 4,826 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Getty Images by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock worth $101,000 after buying an additional 9,434 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Getty Images by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company’s stock worth $107,000 after buying an additional 15,978 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GETY. Wedbush restated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a report on Tuesday, May 6th. Benchmark decreased their price objective on shares of Getty Images from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Getty Images from a “buy” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.35.

Insider Buying and Selling at Getty Images

In related news, CTO Nathaniel Gandert sold 15,859 shares of Getty Images stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $33,621.08. Following the transaction, the chief technology officer now owns 534,377 shares in the company, valued at $1,132,879.24. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the completion of the transaction, the chief financial officer now owns 278,072 shares in the company, valued at $589,512.64. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock valued at $480,536 in the last quarter. Company insiders own 12.30% of the company’s stock.

Getty Images Trading Up 3.2%

Getty Images stock opened at $1.78 on Wednesday. Getty Images Holdings, Inc. has a 52 week low of $1.25 and a 52 week high of $4.49. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $733.82 million, a price-to-earnings ratio of 14.79 and a beta of 1.98. The company has a 50 day moving average price of $1.79 and a 200 day moving average price of $2.29.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). The company had revenue of $224.08 million for the quarter, compared to analyst estimates of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. Research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Getty Images 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.