Lester Murray Antman dba SimplyRich Increases Stock Holdings in Garmin Ltd. (NYSE:GRMN)

Lester Murray Antman dba SimplyRich grew its position in Garmin Ltd. (NYSE:GRMN) by 2.9% during the 4th quarter, HoldingsChannel reports. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GRMN. Golden State Wealth Management LLC purchased a new stake in Garmin in the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. bought a new position in shares of Garmin during the 4th quarter worth $29,000. Larson Financial Group LLC raised its holdings in shares of Garmin by 578.6% in the third quarter. Larson Financial Group LLC now owns 190 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 162 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in Garmin in the fourth quarter worth about $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in Garmin during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction that occurred on 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 in the company, valued at $5,743,019.88. This trade represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.54% of the stock is owned by company insiders.

Garmin Stock Down 2.0 %

NYSE GRMN opened at $211.46 on Wednesday. Garmin Ltd. has a 52 week low of $120.06 and a 52 week high of $223.33. The company has a 50 day moving average price of $213.16 and a 200 day moving average price of $192.91. The firm has a market cap of $40.60 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98.

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.