Tudor Investment Corp ET AL Sells 66,989 Shares of Serve Robotics Inc. $SERV

Tudor Investment Corp ET AL cut its holdings in shares of Serve Robotics Inc. (NASDAQ:SERV) by 52.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,348 shares of the company’s stock after selling 66,989 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.08% of Serve Robotics worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SERV. Goldman Sachs Group Inc. increased its holdings in shares of Serve Robotics by 280.4% in the first quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock valued at $1,709,000 after purchasing an additional 219,018 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Serve Robotics by 176.0% in the second quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock valued at $10,054,000 after buying an additional 560,361 shares during the period. Creative Planning lifted its position in shares of Serve Robotics by 25.9% during the 2nd quarter. Creative Planning now owns 12,923 shares of the company’s stock valued at $148,000 after acquiring an additional 2,655 shares during the period. Intech Investment Management LLC acquired a new stake in Serve Robotics during the second quarter worth about $269,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Serve Robotics by 294.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,905 shares of the company’s stock worth $342,000 after acquiring an additional 22,320 shares in the last quarter.

Serve Robotics Stock Performance

Shares of NASDAQ SERV opened at $8.44 on Wednesday. The stock has a fifty day moving average of $10.03 and a 200-day moving average of $11.50. Serve Robotics Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $18.64. The stock has a market cap of $638.82 million, a PE ratio of -5.31 and a beta of 0.90.

Serve Robotics (NASDAQ:SERV) last announced its earnings results on Wednesday, March 11th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.03. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. The business had revenue of $0.88 million during the quarter, compared to analyst estimates of $0.77 million. On average, sell-side analysts predict that Serve Robotics Inc. will post -0.98 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SERV shares. Loop Capital set a $16.00 price objective on shares of Serve Robotics in a research report on Wednesday, December 31st. LADENBURG THALM/SH SH raised shares of Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Cantor Fitzgerald lowered their price objective on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Oppenheimer started coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $18.60.

Insider Transactions at Serve Robotics

In other Serve Robotics news, CEO Ali Kashani sold 13,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $9.72, for a total transaction of $131,220.00. Following the completion of the transaction, the chief executive officer owned 3,334,914 shares of the company’s stock, valued at approximately $32,415,364.08. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Read sold 4,748 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $15.81, for a total value of $75,065.88. Following the transaction, the chief financial officer directly owned 330,588 shares of the company’s stock, valued at approximately $5,226,596.28. This trade represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 93,741 shares of company stock worth $1,048,228 over the last quarter. Insiders own 21.40% of the company’s stock.

Serve Robotics Company Profile

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.