Barclays PLC Acquires 49,995 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Barclays PLC grew its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 47.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 156,216 shares of the company’s stock after acquiring an additional 49,995 shares during the period. Barclays PLC’s holdings in Getty Images were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GETY. Charles Schwab Investment Management Inc. raised its position in Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after purchasing an additional 58,135 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Getty Images in the second quarter valued at about $910,000. State Street Corp raised its position in shares of Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after acquiring an additional 466,521 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Getty Images by 138.5% in the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock worth $225,000 after acquiring an additional 34,349 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Getty Images by 136.7% in the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after acquiring an additional 39,423 shares during the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Insider Activity

In related news, Director Chinh Chu sold 8,243 shares of the company’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 transaction of $33,054.43. Following the transaction, the director now directly owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. This represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,266,876 shares of company stock worth $10,629,182 in the last quarter. 12.30% of the stock is owned by corporate insiders.

Getty Images Price Performance

Shares of GETY opened at $2.16 on Thursday. The firm has a market cap of $887.92 million, a PE ratio of 18.00 and a beta of 1.86. Getty Images Holdings, Inc. has a 52-week low of $2.06 and a 52-week high of $5.77. The business’s 50 day moving average price is $3.07 and its two-hundred day moving average price is $3.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Analyst Ratings Changes

Several research firms have issued reports on GETY. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie lifted their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.61.

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.