The Manufacturers Life Insurance Company Has $223,000 Holdings in Getty Images Holdings, Inc. (NYSE:GETY)

The Manufacturers Life Insurance Company raised its stake in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 136.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 68,268 shares of the company’s stock after acquiring an additional 39,423 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Getty Images were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GETY. Byrne Asset Management LLC raised its holdings in Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after acquiring an additional 4,500 shares during the period. Spartan Fund Management Inc. bought a new position in shares of Getty Images in the second quarter worth about $33,000. CIBC Asset Management Inc acquired a new position in shares of Getty Images during the 2nd quarter worth about $36,000. Natixis bought a new stake in Getty Images during the 1st quarter valued at approximately $42,000. Finally, Principal Financial Group Inc. bought a new stake in Getty Images during the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Stock Performance

GETY opened at $3.99 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of 66.42 and a beta of 2.05. Getty Images Holdings, Inc. has a 1 year low of $2.88 and a 1 year high of $5.77. The stock’s 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.63. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. Getty Images’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Macquarie cut their target price on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Citigroup reduced their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Insider Buying and Selling

In other Getty Images news, Director Chinh Chu sold 17,122 shares of Getty Images stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the sale, the director now directly owns 9,846,814 shares of the company’s stock, valued at approximately $39,485,724.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Getty Images news, Director Chinh Chu sold 17,122 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the transaction, the director now directly owns 9,846,814 shares in the company, valued at $39,485,724.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction on 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 owns 1,245,401 shares in the company, valued at $4,495,897.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,694 shares of company stock valued at $334,254 over 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.