77,890 Shares in Getty Images Holdings, Inc. (NYSE:GETY) Purchased by New Vernon Capital Holdings II LLC

New Vernon Capital Holdings II LLC bought a new stake in Getty Images Holdings, Inc. (NYSE:GETY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 77,890 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GETY. State Street Corp grew its holdings in shares of Getty Images by 46.3% in the 3rd 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 period. Jane Street Group LLC grew its holdings in Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after purchasing an additional 39,477 shares during the last quarter. Barclays PLC increased its position in shares of Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after buying an additional 49,995 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 88,533 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Getty Images during the 3rd quarter worth $221,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Nathaniel Gandert sold 15,859 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares in the company, valued at approximately $1,132,879.24. The trade was a 2.88 % 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 the SEC website. Also, CMO Gene Foca sold 23,475 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $49,767.00. Following the transaction, the chief marketing officer now directly owns 468,943 shares of the company’s stock, valued at $994,159.16. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock valued at $480,536 over the last quarter. Company insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Macquarie restated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. Finally, Benchmark lowered their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.60.

Getty Images Price Performance

Getty Images stock opened at $1.86 on Friday. The firm’s 50-day moving average is $1.92 and its two-hundred day moving average is $2.63. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $767.38 million, a P/E ratio of 15.50 and a beta of 2.00. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Getty Images 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.