Marcus & Millichap, Inc. (NYSE:MMI) COO John David Parker Sells 1,835 Shares

Marcus & Millichap, Inc. (NYSE:MMI) COO John David Parker sold 1,835 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $35.29, for a total value of $64,757.15. Following the sale, the chief operating officer now owns 13,373 shares of the company’s stock, valued at approximately $471,933.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John David Parker also recently made the following trade(s):

• On Thursday, March 14th, John David Parker sold 9,716 shares of Marcus & Millichap stock. The shares were sold at an average price of $32.83, for a total value of $318,976.28.

Marcus & Millichap Trading Down 1.9 %

Shares of MMI stock opened at $33.97 on Wednesday. The stock has a 50 day simple moving average of $32.95 and a 200 day simple moving average of $35.62. Marcus & Millichap, Inc. has a 1 year low of $26.81 and a 1 year high of $44.24.

Institutional Investors Weigh In On Marcus & Millichap

Several institutional investors have recently made changes to their positions in MMI. FMR LLC boosted its stake in shares of Marcus & Millichap by 132.3% in the third quarter. FMR LLC now owns 816,916 shares of the real estate investment trust’s stock valued at $23,968,000 after buying an additional 465,237 shares during the period. Pzena Investment Management LLC lifted its stake in Marcus & Millichap by 974.0% during the fourth quarter. Pzena Investment Management LLC now owns 278,306 shares of the real estate investment trust’s stock worth $12,156,000 after purchasing an additional 252,394 shares during the last quarter. Jennison Associates LLC lifted its stake in Marcus & Millichap by 109.1% during the fourth quarter. Jennison Associates LLC now owns 466,327 shares of the real estate investment trust’s stock worth $20,369,000 after purchasing an additional 243,281 shares during the last quarter. Norges Bank bought a new stake in Marcus & Millichap during the fourth quarter worth $6,826,000. Finally, Reinhart Partners LLC. lifted its stake in Marcus & Millichap by 10.1% during the fourth quarter. Reinhart Partners LLC. now owns 1,457,609 shares of the real estate investment trust’s stock worth $63,668,000 after purchasing an additional 133,308 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

About Marcus & Millichap

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.