Craig Warren Peters Sells 32,753 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This trade represents a 2.63 % 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.

Getty Images Price Performance

NYSE GETY opened at $2.29 on Friday. The company has a market cap of $941.36 million, a PE ratio of 19.08 and a beta of 1.86. The firm’s 50 day moving average price is $3.18 and its 200-day moving average price is $3.42. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images Holdings, Inc. has a 52-week low of $2.10 and a 52-week high of $5.77.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Macquarie boosted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.61.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares during the last quarter. FMR LLC raised its holdings in Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after purchasing an additional 7,897 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of Getty Images during the second quarter valued at about $33,000. CIBC Asset Management Inc bought a new stake in shares of Getty Images in the 2nd quarter valued at about $36,000. Finally, Intech Investment Management LLC purchased a new position in shares of Getty Images in the 3rd quarter worth approximately $44,000. Institutional investors own 45.75% of the company’s stock.

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.