Marcus & Millichap, Inc. (NYSE:MMI) major shareholder Phoenix Investments Holdings L sold 42,957 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $30.12, for a total value of $1,293,864.84. Following the transaction, the insider now directly owns 19,632,538 shares of the company’s stock, valued at $591,332,044.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Marcus & Millichap, Inc. (MMI) traded down $0.40 during midday trading on Monday, hitting $30.08. The company had a trading volume of 139,500 shares, compared to its average volume of 138,589. The firm has a market cap of $1,147.28, a PE ratio of 19.53, a PEG ratio of 3.31 and a beta of 1.55. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.02. Marcus & Millichap, Inc. has a 1 year low of $23.22 and a 1 year high of $30.98.

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Several research firms have recently issued reports on MMI. BidaskClub cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $31.00.

Several hedge funds and other institutional investors have recently made changes to their positions in MMI. SG Americas Securities LLC purchased a new stake in Marcus & Millichap during the 2nd quarter valued at approximately $101,000. Legal & General Group Plc raised its stake in Marcus & Millichap by 1.1% during 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 during the last quarter. Public Employees Retirement System of Ohio raised its stake in Marcus & Millichap by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,958 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. raised its stake in Marcus & Millichap by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 904 shares during the last quarter. Finally, American International Group Inc. raised its stake in Marcus & Millichap by 7.1% during 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 during the last quarter. 41.57% 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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