Getty Images Holdings, Inc. (NYSE:GETY) Major Shareholder Neuberger Berman Group Llc Sells 4,100,000 Shares

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the sale, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Getty Images Stock Up 1.8 %

Shares of NYSE GETY opened at $2.86 on Monday. The firm’s fifty day moving average is $3.69 and its 200 day moving average is $3.58. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.83 and a beta of 2.02. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a 52 week low of $2.78 and a 52 week high of $5.77.

Analysts Set New Price Targets

GETY has been the subject of several research reports. Macquarie raised their target price on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Finally, Citigroup reduced their price objective on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently made changes to their positions in the company. Byrne Asset Management LLC lifted its position in Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after acquiring an additional 4,500 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in Getty Images during the second quarter valued at approximately $33,000. CIBC Asset Management Inc bought a new stake in Getty Images during the second quarter valued at about $36,000. Natixis purchased a new stake in shares of Getty Images in the first quarter worth $42,000. Finally, Principal Financial Group Inc. purchased a new stake in Getty Images in the 2nd quarter worth $44,000. 45.75% of the stock is currently owned by institutional investors.

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.