Toronto Dominion Bank Makes New Investment in Getty Images Holdings, Inc. (NYSE:GETY)

Toronto Dominion Bank bought a new position in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,645,103 shares of the company's stock, valued at approximately $3,553,000. Toronto Dominion Bank owned 0.40% of Getty Images at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GETY. Koch Inc. bought a new position in Getty Images in the fourth quarter worth $183,865,000. Vanguard Group Inc. raised its stake in Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after acquiring an additional 698,829 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Getty Images by 71.2% during the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock worth $761,000 after acquiring an additional 146,576 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in Getty Images during the fourth quarter worth $168,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Getty Images during the fourth quarter worth $168,000. 45.75% of the stock is owned by institutional investors.

Getty Images Price Performance

Shares of NYSE:GETY traded down $0.05 during midday trading on Monday, reaching $1.72. The company's stock had a trading volume of 219,403 shares, compared to its average volume of 1,177,063. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49. The company has a market capitalization of $712.28 million, a P/E ratio of 14.36 and a beta of 1.98. 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 business's fifty day simple moving average is $1.81 and its 200-day simple moving average is $2.30.

Getty Images (NYSE:GETY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.17). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same quarter last year, the business posted $0.03 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on GETY. Benchmark dropped their price objective on Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen lowered Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday. Wedbush reiterated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research note on Tuesday, May 6th. Finally, Citigroup reiterated a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Getty Images currently has a consensus rating of "Hold" and a consensus price target of $4.35.

Insider Activity

In related news, CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $62,766.84. Following the completion of the sale, the chief financial officer now directly owns 278,072 shares in the company, valued at $589,512.64. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Warren Peters sold 124,624 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the sale, the chief executive officer now owns 1,262,948 shares of the company's stock, valued at approximately $2,677,449.76. The trade was a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,668 shares of company stock worth $480,536. 12.30% of the stock is owned by corporate insiders.

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.