2 weeks Ago By ABMN Staff
Bank of Montreal Can reduced its stake in shares of Serve Robotics Inc. ( NASDAQ:SERV – Free Report ) by 62.7% during the 4th quarter, Holdings Channel.
com reports. The firm owned 20,013 shares of the company’s stock after selling 33,632 shares during the quarter. Bank of Montreal Can’s holdings in Serve Robotics were worth $270,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Serve Robotics during the 4th quarter worth $9,066,000. Vanguard Group Inc.
lifted its stake in shares of Serve Robotics by 74.6% during the fourth quarter. Vanguard Group Inc.
now owns 1,274,303 shares of the company’s stock valued at $17,203,000 after acquiring an additional 544,537 shares during the period. Raymond James Financial Inc. bought a new position in Serve Robotics in the fourth quarter valued at about $1,978,000.
Geode Capital Management LLC increased its position in Serve Robotics by 128.1% in the third quarter. Geode Capital Management LLC now owns 130,853 shares of the company’s stock worth $1,041,000 after purchasing an additional 73,496 shares during the period.
Finally, State Street Corp bought a new stake in Serve Robotics during the 3rd quarter worth about $333,000. Analyst Upgrades and Downgrades Separately, Northland Securities set a $23.00 price target on shares of Serve Robotics in a research note on Tuesday, February 18th.
Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $19.50.
Insider Activity at Serve Robotics In other Serve Robotics news, CEO Ali Kashani sold 3,713 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $9.21, for a total transaction of $34,196.
73. Following the sale, the chief executive officer now directly owns 3,225,852 shares of the company’s stock, valued at approximately $29,710,096.92.
This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink .
Over the last quarter, insiders have sold 11,369 shares of company stock valued at $90,704. 21.40% of the stock is owned by insiders.
Serve Robotics Price Performance SERV stock opened at $6.66 on Friday. The business has a 50-day moving average of $7.
25 and a 200-day moving average of $11.13. Serve Robotics Inc.
has a fifty-two week low of $1.77 and a fifty-two week high of $24.35.
The stock has a market capitalization of $379.07 million and a P/E ratio of -5.55.
Serve Robotics Company Profile ( Free Report ) Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp.
and changed its name to Serve Robotics Inc in July 2023. Further Reading Want to see what other hedge funds are holding SERV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Serve Robotics Inc.
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