Vivid Wealth Management LLC Has $2.62 Million Holdings in Garmin Ltd. (NYSE:GRMN)

Vivid Wealth Management LLC lessened its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,701 shares of the scientific and technical instruments company’s stock after selling 261 shares during the quarter. Garmin makes up 1.3% of Vivid Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Vivid Wealth Management LLC’s holdings in Garmin were worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Garmin by 1.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company’s stock worth $591,000 after purchasing an additional 49 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in shares of Garmin by 1.3% in the 4th quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock valued at $802,000 after acquiring an additional 50 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Garmin by 1.4% in the 4th quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company’s stock valued at $788,000 after acquiring an additional 53 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Garmin by 2.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $481,000 after acquiring an additional 58 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Garmin by 8.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 804 shares of the scientific and technical instruments company’s stock valued at $166,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Performance

Garmin stock opened at $212.37 on Friday. Garmin Ltd. has a 52 week low of $121.20 and a 52 week high of $223.33. The stock has a market capitalization of $40.78 billion, a P/E ratio of 26.95, a PEG ratio of 1.33 and a beta of 0.98. The stock has a 50-day simple moving average of $212.89 and a 200 day simple moving average of $193.37.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GRMN shares. Barclays raised their price objective on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Tigress Financial lifted their price target 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 assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Garmin has a consensus rating of “Hold” and a consensus target price of $171.00.

Insiders Place Their Bets

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 19.54% of the company’s stock.

About Garmin

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.