Traders Buy Large Volume of Put Options on Getty Images (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 20,758 put options on the company. This is an increase of approximately 3,108% compared to the average volume of 647 put options.

Getty Images Trading Down 20.4 %

Shares of Getty Images stock traded down $0.65 on Wednesday, reaching $2.54. 7,257,888 shares of the company’s stock were exchanged, compared to its average volume of 16,604,037. The firm’s 50-day moving average is $2.93 and its two-hundred day moving average is $3.34. The company has a market capitalization of $1.04 billion, a P/E ratio of 21.17 and a beta of 1.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a 52 week low of $2.06 and a 52 week high of $5.77.

Insider Transactions at Getty Images

In other news, Director Chinh Chu sold 17,122 shares of Getty Images stock in a transaction 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 transaction, the director now owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the sale, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,266,876 shares of company stock worth $10,629,182. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently bought and sold shares of GETY. Geode Capital Management LLC increased its stake in Getty Images by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after purchasing an additional 88,533 shares in the last quarter. State Street Corp increased its position in shares of Getty Images by 46.3% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Getty Images in the 2nd quarter valued at about $910,000. Finally, FMR LLC boosted its stake in Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares during the last quarter. 45.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Macquarie reissued a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Tuesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Images has an average rating of “Hold” and a consensus target price of $5.61.

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.