Aigen Investment Management LP Takes Position in Getty Images Holdings, Inc. (NYSE:GETY)

Aigen Investment Management LP acquired a new stake in Getty Images Holdings, Inc. (NYSE:GETY) in the third quarter, HoldingsChannel.com reports. The fund acquired 12,579 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds also recently made changes to their positions in GETY. Byrne Asset Management LLC increased its stake in shares of Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after purchasing an additional 4,500 shares during the period. Spartan Fund Management Inc. bought a new position in shares of Getty Images during the second quarter worth approximately $33,000. CIBC Asset Management Inc bought a new position in shares of Getty Images during the second quarter worth approximately $36,000. Natixis bought a new position in shares of Getty Images during the first quarter worth approximately $42,000. Finally, Principal Financial Group Inc. bought a new position in shares of Getty Images during the second quarter worth approximately $44,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total value of $196,020.00. Following the transaction, the director now owns 9,706,670 shares in the company, valued at approximately $39,312,013.50. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $29,132.70. Following the completion of the transaction, the general counsel now owns 258,630 shares in the company, valued at approximately $933,654.30. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,427 shares of company stock worth $652,130 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Getty Images Price Performance

Getty Images stock opened at $3.10 on Monday. The stock’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $3.62. Getty Images Holdings, Inc. has a one year low of $2.88 and a one 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. The firm has a market cap of $1.27 billion, a PE ratio of 25.83 and a beta of 2.02.

Analyst Upgrades and Downgrades

GETY has been the topic of a number of recent research reports. Macquarie increased their target price on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Citigroup lowered their target price on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Benchmark restated a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th.

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.