UBS Group AG Sells 163,729 Shares of Serve Robotics Inc. $SERV

UBS Group AG reduced its holdings in Serve Robotics Inc. (NASDAQ:SERV) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 533,906 shares of the company’s stock after selling 163,729 shares during the quarter. UBS Group AG’s holdings in Serve Robotics were worth $5,542,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Creative Planning boosted its stake in Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company’s stock valued at $172,000 after purchasing an additional 1,877 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Serve Robotics by 9.0% in the third quarter. Thoroughbred Financial Services LLC now owns 24,250 shares of the company’s stock valued at $282,000 after acquiring an additional 2,000 shares during the period. Phoenix Financial Ltd. grew its stake in shares of Serve Robotics by 13.3% in the third quarter. Phoenix Financial Ltd. now owns 17,000 shares of the company’s stock worth $198,000 after acquiring an additional 2,000 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Serve Robotics by 166.8% in the third quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock worth $49,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Serve Robotics by 6.4% during the third quarter. Advisory Services Network LLC now owns 46,448 shares of the company’s stock worth $540,000 after acquiring an additional 2,797 shares during the period.

Serve Robotics Price Performance

SERV opened at $8.38 on Thursday. The company has a market capitalization of $648.36 million, a P/E ratio of -4.17 and a beta of 0.96. The firm’s fifty day moving average price is $9.00 and its two-hundred day moving average price is $10.35. Serve Robotics Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $18.64.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.08). The business had revenue of $2.98 million during the quarter, compared to analyst estimates of $2.83 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 47.31%. On average, equities research analysts expect that Serve Robotics Inc. will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Freedom Capital cut shares of Serve Robotics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Serve Robotics in a research report on Friday, March 27th. Guggenheim started coverage on shares of Serve Robotics in a research report on Monday, April 20th. They set a “buy” rating and a $13.00 price objective for the company. LADENBURG THALM/SH SH increased their target price on shares of Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald decreased their target price on Serve Robotics from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.51.

Insider Buying and Selling at Serve Robotics

In related news, insider Anthony Armenta sold 3,567 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $9.82, for a total value of $35,027.94. Following the completion of the transaction, the insider owned 540,919 shares of the company’s stock, valued at $5,311,824.58. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian Read sold 2,790 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.29, for a total transaction of $25,919.10. Following the transaction, the chief financial officer owned 318,768 shares of the company’s stock, valued at approximately $2,961,354.72. This represents a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 83,438 shares of company stock worth $772,667. Insiders own 5.00% 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.