Marcus & Millichap, Inc. (NYSE:MMI) Director George M. Marcus sold 243,898 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.50, for a total value of $7,438,889.00. Following the completion of the sale, the director now owns 15,879 shares of the company’s stock, valued at approximately $484,309.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marcus & Millichap, Inc. (NYSE:MMI) opened at $30.87 on Friday. The firm has a market capitalization of $1,177.41, a PE ratio of 20.05, a PEG ratio of 3.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62. Marcus & Millichap, Inc. has a one year low of $23.22 and a one year high of $31.37.

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MMI has been the subject of a number of analyst reports. Wells Fargo & Co 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. Citigroup Inc. upgraded Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MMI. American International Group Inc. boosted its stake in shares of Marcus & Millichap by 7.1% in the first quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 594 shares during the period. Legal & General Group Plc boosted its stake in shares of Marcus & Millichap by 1.1% in the first quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 57 shares during the period. Vanguard Group Inc. boosted its stake in shares of Marcus & Millichap by 8.0% in the first quarter. Vanguard Group Inc. now owns 1,199,574 shares of the real estate investment trust’s stock worth $29,485,000 after acquiring an additional 89,030 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Marcus & Millichap by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 656,539 shares of the real estate investment trust’s stock worth $16,137,000 after acquiring an additional 103,148 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Marcus & Millichap in the first quarter worth about $1,332,000. 42.74% of the stock is owned by hedge funds and other institutional investors.

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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