Getty Images (NYSE:GETY) Earns Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Getty Images (NYSE:GETY) in a report issued on Wednesday morning, MarketBeat.com reports.

Separately, Macquarie raised their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Getty Images currently has a consensus rating of “Hold” and an average price target of $5.61.

Getty Images Price Performance

GETY traded down $0.05 during midday trading on Wednesday, reaching $2.24. 62,156 shares of the company’s stock were exchanged, compared to its average volume of 483,317. The business’s 50-day moving average price is $3.37 and its 200 day moving average price is $3.47. The stock has a market capitalization of $920.81 million, a PE ratio of 18.67 and a beta of 1.86. Getty Images has a 1-year low of $2.24 and a 1-year high of $5.77. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Transactions at Getty Images

In related news, 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 sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chinh Chu sold 17,122 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares of the company’s stock, valued at approximately $39,485,724.14. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,269,927 shares of company stock worth $10,739,630 over the last quarter. 12.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised 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 purchasing an additional 466,521 shares during the period. Bank of New York Mellon Corp purchased a new position in Getty Images in the second quarter valued at approximately $910,000. Rhumbline Advisers purchased a new position in Getty Images in the second quarter valued at approximately $392,000. Geode Capital Management LLC grew its stake in Getty Images by 5.6% during the third 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 period. Finally, Franklin Resources Inc. purchased a new position in shares of Getty Images in the 3rd quarter valued at $221,000. Institutional investors and hedge funds 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.