Garmin Ltd. (NASDAQ:GRMN) major shareholder Jonathan Burrell sold 254,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $62.45, for a total value of $15,862,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $6,635,750.00.

Shares of Garmin Ltd. (NASDAQ GRMN) traded down $0.32 on Friday, hitting $62.08. 1,354,000 shares of the stock traded hands, compared to its average volume of 1,111,459. Garmin Ltd. has a twelve month low of $47.03 and a twelve month high of $63.15. The firm has a market capitalization of $12,463.03, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81.

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, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $743.00 million during the quarter, compared to analysts’ expectations of $722.00 million. Garmin had a net margin of 22.65% and a return on equity of 15.23%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. analysts anticipate that Garmin Ltd. will post 2.9 earnings per share for the current year.

A number of equities analysts recently commented on the stock. Oppenheimer reiterated a “market perform” rating on shares of Garmin in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Garmin from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Garmin from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Thursday, November 2nd. Longbow Research restated a “buy” rating on shares of Garmin in a research note on Thursday, August 3rd. Finally, KeyCorp restated a “hold” rating on shares of Garmin in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $56.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Garmin by 3.7% during the 2nd quarter. BlackRock Inc. now owns 11,293,625 shares of the scientific and technical instruments company’s stock worth $576,315,000 after purchasing an additional 404,430 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Garmin by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,473,447 shares of the scientific and technical instruments company’s stock valued at $534,459,000 after purchasing an additional 59,138 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Garmin by 117.9% in the 2nd 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 purchasing an additional 1,205,778 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Garmin by 0.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,634,576 shares of the scientific and technical instruments company’s stock valued at $83,412,000 after purchasing an additional 8,210 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Garmin by 8.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,619,167 shares of the scientific and technical instruments company’s stock valued at $87,385,000 after purchasing an additional 123,324 shares during the last quarter. 39.37% of the stock is owned by hedge funds and other institutional investors.

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About Garmin

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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