Garmin Ltd. (NYSE:GRMN) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 46.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,962 shares of the scientific and technical instruments company’s stock after buying an additional 6,289 shares during the period. Apollon Wealth Management LLC’s holdings in Garmin were worth $4,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Truist Financial Corp lifted its holdings in shares of Garmin by 2.2% in the 2nd quarter. Truist Financial Corp now owns 6,743 shares of the scientific and technical instruments company’s stock worth $1,099,000 after purchasing an additional 148 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Garmin in the third quarter valued at $695,000. CWM LLC lifted its stake in Garmin by 12.8% in the third quarter. CWM LLC now owns 7,164 shares of the scientific and technical instruments company’s stock valued at $1,261,000 after buying an additional 814 shares during the last quarter. UMB Bank n.a. grew its position in shares of Garmin by 18.2% during the third quarter. UMB Bank n.a. now owns 3,402 shares of the scientific and technical instruments company’s stock worth $599,000 after acquiring an additional 523 shares during the last quarter. Finally, Fiduciary Financial Group LLC increased its holdings in shares of Garmin by 6.1% in the 3rd quarter. Fiduciary Financial Group LLC now owns 1,464 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 84 shares during the period. Institutional investors own 81.60% of the company’s stock.

Garmin Trading Down 1.0 %

Shares of NYSE:GRMN opened at $217.52 on Friday. The company has a 50 day moving average of $213.12 and a 200-day moving average of $192.33. The firm has a market cap of $41.77 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.33 and a beta of 0.98. Garmin Ltd. has a twelve month low of $120.06 and a twelve month high of $223.33.

Insiders Place Their Bets

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the sale, the chief financial officer now directly owns 27,612 shares of the company’s stock, valued at approximately $5,743,019.88. This represents a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Garmin 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.