Tudor Investment Corp ET AL Lowers Holdings in Serve Robotics Inc. $SERV

Tudor Investment Corp ET AL lowered its stake in Serve Robotics Inc. (NASDAQ:SERV) by 52.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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’s holdings in Serve Robotics were worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vontobel Holding Ltd. grew its holdings in Serve Robotics by 6.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 22,427 shares of the company’s stock valued at $261,000 after buying an additional 1,417 shares in the last quarter. Creative Planning grew its stake in shares of Serve Robotics by 14.5% in the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock worth $172,000 after buying an additional 1,877 shares in the last quarter. Phoenix Financial Ltd. increased its holdings in shares of Serve Robotics by 13.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock worth $198,000 after buying an additional 2,000 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Serve Robotics by 9.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company’s stock valued at $282,000 after buying an additional 2,000 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Serve Robotics in the 3rd quarter valued at about $27,000.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Northland Securities reiterated an “outperform” rating and set a $26.00 price target on shares of Serve Robotics in a report on Friday, January 2nd. Oppenheimer initiated coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They issued an “outperform” rating and a $20.00 price target for the company. LADENBURG THALM/SH SH raised Serve Robotics to a “strong-buy” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research note on Friday. Finally, Freedom Capital upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, December 31st. Two equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $18.60.

Serve Robotics Trading Up 9.2%

Shares of Serve Robotics stock opened at $8.44 on Wednesday. Serve Robotics Inc. has a twelve month low of $4.66 and a twelve month high of $18.64. The firm has a market capitalization of $638.82 million, a PE ratio of -5.31 and a beta of 0.90. The firm’s 50-day moving average price is $10.03 and its 200 day moving average price is $11.50.

Serve Robotics (NASDAQ:SERV) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $0.88 million during the quarter, compared to the consensus estimate of $0.77 million. On average, sell-side analysts predict that Serve Robotics Inc. will post -0.98 EPS for the current fiscal year.

Insider Activity at Serve Robotics

In other news, COO Touraj Parang sold 5,998 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $61,959.34. Following the completion of the transaction, the chief operating officer directly owned 1,323,685 shares in the company, valued at $13,673,666.05. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony Armenta sold 3,893 shares of Serve Robotics stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $14.27, for a total transaction of $55,553.11. Following the completion of the transaction, the insider owned 551,141 shares of the company’s stock, valued at $7,864,782.07. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 93,741 shares of company stock worth $1,048,228. Company insiders own 21.40% of the company’s stock.

Serve Robotics 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.