Getty Images Target of Unusually High Options Trading (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the target of unusually large options trading on Wednesday. Traders bought 20,758 put options on the company. This represents an increase of approximately 3,108% compared to the typical daily volume of 647 put options.

Getty Images Stock Down 18.2 %

Shares of NYSE GETY opened at $2.61 on Thursday. Getty Images has a 52-week low of $2.06 and a 52-week high of $5.77. The firm has a fifty day moving average of $2.90 and a 200-day moving average of $3.34. The stock has a market capitalization of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the sale, the chief financial officer now owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. purchased a new stake in Getty Images during the 3rd quarter worth $221,000. Barclays PLC boosted its position in Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares during the period. Geode Capital Management LLC boosted its position in Getty Images by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after purchasing an additional 88,533 shares during the period. Jane Street Group LLC boosted its position in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after purchasing an additional 39,477 shares during the period. Finally, State Street Corp boosted its position in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.