Garmin Ltd. (NASDAQ:GRMN) major shareholder Jonathan Burrell sold 127,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $60.37, for a total value of $7,666,990.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 8th, Jonathan Burrell sold 253,000 shares of Garmin stock. The stock was sold at an average price of $59.29, for a total value of $15,000,370.00.
  • On Monday, November 6th, Jonathan Burrell sold 127,000 shares of Garmin stock. The stock was sold at an average price of $59.33, for a total value of $7,534,910.00.
  • On Tuesday, September 12th, Jonathan Burrell sold 127,000 shares of Garmin stock. The stock was sold at an average price of $52.14, for a total value of $6,621,780.00.
  • On Wednesday, September 13th, Jonathan Burrell sold 253,000 shares of Garmin stock. The stock was sold at an average price of $52.13, for a total value of $13,188,890.00.
  • On Monday, September 11th, Jonathan Burrell sold 127,000 shares of Garmin stock. The stock was sold at an average price of $52.25, for a total value of $6,635,750.00.
  • On Tuesday, August 22nd, Jonathan Burrell sold 231,500 shares of Garmin stock. The stock was sold at an average price of $51.20, for a total value of $11,852,800.00.

Garmin Ltd. (NASDAQ:GRMN) opened at $60.58 on Tuesday. The stock has a market capitalization of $12,049.05, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. Garmin Ltd. has a twelve month low of $47.03 and a twelve month high of $61.04.

Garmin (NASDAQ:GRMN) last posted its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The company had revenue of $743.00 million for the quarter, compared to analysts’ expectations of $722.00 million. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. sell-side analysts predict that Garmin Ltd. will post 2.9 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the company. Longbow Research reiterated a “buy” rating on shares of Garmin in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Garmin in a research report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Garmin in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Garmin from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Garmin from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Garmin presently has a consensus rating of “Hold” and a consensus target price of $56.33.

Several hedge funds and other institutional investors have recently bought and sold shares of GRMN. Janus Henderson Group PLC increased its holdings in shares of Garmin by 8,318.2% in the second quarter. Janus Henderson Group PLC now owns 1,257,516 shares of the scientific and technical instruments company’s stock valued at $64,171,000 after buying an additional 1,242,578 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Garmin by 117.9% in the second quarter. Bank of New York Mellon Corp now owns 2,228,687 shares of the scientific and technical instruments company’s stock valued at $113,730,000 after buying an additional 1,205,778 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in shares of Garmin by 3,623.9% in the second quarter. Marshall Wace North America L.P. now owns 732,199 shares of the scientific and technical instruments company’s stock valued at $37,343,000 after buying an additional 712,537 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Garmin by 123.5% in the second quarter. Principal Financial Group Inc. now owns 1,158,613 shares of the scientific and technical instruments company’s stock valued at $59,123,000 after buying an additional 640,133 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Garmin by 153.9% in the second quarter. Alliancebernstein L.P. now owns 1,042,380 shares of the scientific and technical instruments company’s stock valued at $53,193,000 after buying an additional 631,827 shares in the last quarter. 38.01% of the stock is currently owned by institutional investors.

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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