Getty Images Sees Unusually High Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 7,178 call options on the company. This represents an increase of 1,389% compared to the typical volume of 482 call options.

Insider Transactions at Getty Images

In other Getty Images news, Director Chinh Chu sold 8,243 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $4.01, for a total value of $33,054.43. Following the completion of the sale, the director now owns 9,795,163 shares in the company, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc bought a new position in shares of Getty Images in the second quarter worth approximately $36,000. Intech Investment Management LLC bought a new stake in shares of Getty Images in the third quarter worth approximately $44,000. Principal Financial Group Inc. purchased a new stake in Getty Images in the second quarter worth approximately $44,000. Aigen Investment Management LP bought a new stake in Getty Images in the 3rd quarter worth approximately $48,000. Finally, Renaissance Technologies LLC bought a new position in shares of Getty Images during the 2nd quarter valued at $91,000. 45.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GETY shares. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Macquarie restated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Performance

Getty Images stock opened at $2.61 on Thursday. The stock’s 50 day moving average is $2.90 and its 200 day moving average is $3.34. The company has a market capitalization of $1.07 billion, a P/E ratio of 21.75 and a beta of 1.93. Getty Images has a twelve month low of $2.06 and a twelve month high of $5.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

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.