Garmin Ltd. (NASDAQ:GRMN) major shareholder Jonathan Burrell sold 254,000 shares of Garmin stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $62.45, for a total transaction of $15,862,300.00. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Jonathan Burrell also recently made the following trade(s):

  • On Wednesday, November 15th, Jonathan Burrell sold 253,000 shares of Garmin stock. The shares were sold at an average price of $60.61, for a total transaction of $15,334,330.00.
  • On Monday, November 13th, Jonathan Burrell sold 127,000 shares of Garmin stock. The shares were sold at an average price of $60.37, for a total transaction of $7,666,990.00.
  • On Wednesday, November 8th, Jonathan Burrell sold 253,000 shares of Garmin stock. The shares were sold at an average price of $59.29, for a total transaction of $15,000,370.00.
  • On Monday, November 6th, Jonathan Burrell sold 127,000 shares of Garmin stock. The shares were sold at an average price of $59.33, for a total transaction of $7,534,910.00.
  • On Tuesday, September 12th, Jonathan Burrell sold 127,000 shares of Garmin stock. The shares were sold at an average price of $52.14, for a total transaction of $6,621,780.00.
  • On Wednesday, September 13th, Jonathan Burrell sold 253,000 shares of Garmin stock. The shares were sold at an average price of $52.13, for a total transaction of $13,188,890.00.
  • On Monday, September 11th, Jonathan Burrell sold 127,000 shares of Garmin stock. The shares were sold at an average price of $52.25, for a total transaction of $6,635,750.00.

Shares of Garmin Ltd. (NASDAQ GRMN) traded down $0.85 during midday trading on Friday, hitting $61.23. 1,120,000 shares of the company’s stock were exchanged, compared to its average volume of 1,120,000. Garmin Ltd. has a one year low of $47.03 and a one year high of $63.15. The company has a market capitalization of $12,130.00, a P/E ratio of 21.56, a PEG ratio of 2.56 and a beta of 0.80.

Garmin (NASDAQ:GRMN) last announced its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.09. Garmin had a net margin of 22.65% and a return on equity of 15.23%. The company had revenue of $743.00 million during the quarter, compared to the consensus estimate of $722.00 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. equities research analysts expect that Garmin Ltd. will post 2.9 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial For Lutherans grew its position in shares of Garmin by 2.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,340 shares of the scientific and technical instruments company’s stock worth $221,000 after buying an additional 100 shares during the period. Arizona State Retirement System grew its position in shares of Garmin by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 38,429 shares of the scientific and technical instruments company’s stock worth $1,961,000 after buying an additional 100 shares during the period. Wedbush Securities Inc. grew its position in shares of Garmin by 3.3% during the 2nd quarter. Wedbush Securities Inc. now owns 4,867 shares of the scientific and technical instruments company’s stock worth $248,000 after buying an additional 156 shares during the period. US Bancorp DE grew its position in shares of Garmin by 8.8% during the 2nd quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company’s stock worth $113,000 after buying an additional 180 shares during the period. Finally, WFG Advisors LP grew its position in shares of Garmin by 11.5% during the 2nd quarter. WFG Advisors LP now owns 2,175 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 225 shares during the period. 39.37% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on GRMN shares. Zacks Investment Research raised shares of Garmin from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday, November 2nd. BidaskClub downgraded shares of Garmin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. ValuEngine raised shares of Garmin from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley boosted their target price on shares of Garmin from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Garmin in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Garmin presently has an average rating of “Hold” and a consensus target price of $56.33.

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Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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