Byrne Asset Management LLC Acquires 4,500 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Byrne Asset Management LLC boosted its holdings in shares of Getty Images Holdings, Inc. (NYSE:GETY) by 95.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,200 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Byrne Asset Management LLC’s holdings in Getty Images were worth $29,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ninety One UK Ltd purchased a new position in Getty Images during the second quarter valued at approximately $583,000. Fifth Lane Capital LP purchased a new position in shares of Getty Images in the first quarter worth $104,000. Kessler Investment Group LLC purchased a new position in shares of Getty Images in the first quarter worth $89,000. Nisa Investment Advisors LLC purchased a new stake in Getty Images during the second quarter valued at $49,000. Finally, EntryPoint Capital LLC purchased a new stake in Getty Images during the first quarter valued at $47,000. 45.75% of the stock is currently owned by institutional investors.

Insider Transactions at Getty Images

In other Getty Images news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares in the company, valued at approximately $797,002.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Getty Images news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the completion of the sale, the general counsel now directly owns 246,750 shares of the company’s stock, valued at $797,002.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daine Marc Weston sold 10,227 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $33,033.21. Following the completion of the transaction, the vice president now directly owns 89,622 shares of the company’s stock, valued at $289,479.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,378 shares of company stock worth $262,851. Insiders own 12.30% of the company’s stock.

Getty Images Trading Down 0.9 %

Shares of NYSE GETY traded down $0.03 during mid-day trading on Thursday, reaching $3.28. The company had a trading volume of 64,234 shares, compared to its average volume of 539,890. The business’s 50-day moving average is $3.44 and its 200-day moving average is $3.90. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 54.67 and a beta of 2.05. Getty Images Holdings, Inc. has a 52 week low of $2.88 and a 52 week high of $7.35.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The business’s revenue was up 1.5% compared to the same quarter last year. Equities analysts expect that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

GETY has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research report on Tuesday, August 13th. Macquarie cut their price objective on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.64.

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.