Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Getty Images stock traded up $0.06 during mid-day trading on Friday, reaching $2.87. 511,396 shares of the company traded hands, compared to its average volume of 481,384. The firm's 50 day moving average price is $3.70 and its 200 day moving average price is $3.59. Getty Images Holdings, Inc. has a 52-week low of $2.78 and a 52-week 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. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.42 and a beta of 2.02.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis purchased a new position in Getty Images during the first quarter valued at $42,000. EntryPoint Capital LLC bought a new stake in Getty Images during the first quarter worth about $47,000. Kessler Investment Group LLC grew its holdings in Getty Images by 47.6% in the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company's stock worth $103,000 after purchasing an additional 10,178 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Getty Images during the second quarter valued at approximately $49,000. Finally, Ninety One UK Ltd purchased a new position in shares of Getty Images during the second quarter valued at approximately $583,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.
GETY has been the subject of a number of research analyst reports. Macquarie lifted their price target on Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Benchmark restated a "buy" rating and issued a $6.00 target price on shares of Getty Images in a research report on Tuesday, August 13th. Finally, Citigroup lowered their price target on shares of Getty Images from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th.
Get Our Latest Stock Analysis on 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.
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