Lester Murray Antman dba SimplyRich Buys 150 Shares of Garmin Ltd. (NYSE:GRMN)

Lester Murray Antman dba SimplyRich increased its stake in shares of Garmin Ltd. (NYSE:GRMN) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,401 shares of the scientific and technical instruments company’s stock after purchasing an additional 150 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Garmin were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its position in shares of Garmin by 123.2% during the 3rd quarter. Citigroup Inc. now owns 283,412 shares of the scientific and technical instruments company’s stock valued at $49,889,000 after acquiring an additional 156,441 shares during the period. Trajan Wealth LLC grew its holdings in Garmin by 9.1% during the third quarter. Trajan Wealth LLC now owns 82,362 shares of the scientific and technical instruments company’s stock valued at $14,498,000 after purchasing an additional 6,878 shares during the period. Passumpsic Savings Bank purchased a new stake in Garmin in the third quarter worth about $3,137,000. Advisors Asset Management Inc. increased its position in Garmin by 24.2% in the third quarter. Advisors Asset Management Inc. now owns 17,529 shares of the scientific and technical instruments company’s stock worth $3,086,000 after buying an additional 3,415 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Garmin by 25.7% in the third quarter. National Pension Service now owns 284,065 shares of the scientific and technical instruments company’s stock worth $50,004,000 after buying an additional 58,025 shares during the period. Institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Tigress Financial boosted their price objective on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Barclays lifted their price target on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Garmin presently has a consensus rating of “Hold” and a consensus price target of $171.00.

Garmin Price Performance

Garmin stock opened at $211.46 on Wednesday. The stock has a market cap of $40.60 billion, a P/E ratio of 26.84, a PEG ratio of 1.33 and a beta of 0.98. The firm’s 50 day moving average price is $213.16 and its 200-day moving average price is $192.91. Garmin Ltd. has a 1 year low of $120.06 and a 1 year high of $223.33.

Insiders Place Their Bets

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $207.99, for a total value of $366,270.39. Following the sale, the chief financial officer now owns 27,612 shares of the company’s stock, valued at $5,743,019.88. The trade was a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 19.54% of the company’s stock.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.