George M. Marcus Sells 16,819 Shares of Marcus & Millichap, Inc. (MMI) Stock

Marcus & Millichap, Inc. (NYSE:MMI) Director George M. Marcus sold 16,819 shares of Marcus & Millichap stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.34, for a total transaction of $510,288.46. Following the sale, the director now owns 15,879 shares in the company, valued at $481,768.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Marcus & Millichap, Inc. (MMI) opened at $30.65 on Wednesday. The stock has a market cap of $1,139.27, a P/E ratio of 19.40, a PEG ratio of 3.29 and a beta of 1.55. Marcus & Millichap, Inc. has a 1 year low of $23.22 and a 1 year high of $31.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62.

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A number of research analysts have recently issued reports on MMI shares. BidaskClub upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Wells Fargo & Company restated a “market perform” rating and issued a $31.00 price target (up previously from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Finally, Citigroup Inc. upgraded shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.

Several large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in shares of Marcus & Millichap by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 18,396 shares of the real estate investment trust’s stock valued at $485,000 after acquiring an additional 48 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Marcus & Millichap by 1.1% in the 1st quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 57 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Marcus & Millichap by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 51,379 shares of the real estate investment trust’s stock valued at $1,355,000 after acquiring an additional 285 shares in the last quarter. American International Group Inc. increased its stake in shares of Marcus & Millichap by 7.1% in the 1st quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 594 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Marcus & Millichap by 2.1% in the 2nd quarter. Teachers Advisors LLC now owns 34,161 shares of the real estate investment trust’s stock valued at $900,000 after acquiring an additional 689 shares in the last quarter. Institutional investors own 41.57% of the company’s stock.

About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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