Geode Capital Management LLC Grows Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

Geode Capital Management LLC increased its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 595,145 shares of the real estate investment trust’s stock after purchasing an additional 5,525 shares during the period. Geode Capital Management LLC’s holdings in Marcus & Millichap were worth $23,591,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its position in shares of Marcus & Millichap by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 300 shares in the last quarter. Natixis Advisors LLC grew its holdings in Marcus & Millichap by 2.1% during the 2nd quarter. Natixis Advisors LLC now owns 18,482 shares of the real estate investment trust’s stock worth $583,000 after acquiring an additional 374 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Marcus & Millichap by 8.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 400 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Marcus & Millichap by 6.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 530 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Marcus & Millichap by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their target price on shares of Marcus & Millichap from $20.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th.

Marcus & Millichap Stock Performance

MMI opened at $37.96 on Friday. Marcus & Millichap, Inc. has a one year low of $29.93 and a one year high of $44.24. The company has a market cap of $1.47 billion, a P/E ratio of -46.86 and a beta of 1.15. The business’s 50-day simple moving average is $39.86 and its 200-day simple moving average is $37.74.

Marcus & Millichap Company Profile

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.