KLP Kapitalforvaltning AS Takes $1.18 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

KLP Kapitalforvaltning AS acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 186,500 shares of the company's stock, valued at approximately $1,175,000.

Several other large investors have also modified their holdings of AUR. FMR LLC lifted its position in Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. State Street Corp boosted its position in shares of Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after purchasing an additional 2,920,653 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock worth $49,875,000 after buying an additional 1,776,513 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Aurora Innovation by 57.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company's stock worth $30,221,000 after buying an additional 1,753,757 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

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Aurora Innovation Stock Performance

NASDAQ:AUR traded down $0.88 during mid-day trading on Thursday, reaching $6.28. The stock had a trading volume of 14,018,325 shares, compared to its average volume of 11,271,634. The business has a 50 day simple moving average of $7.26 and a 200 day simple moving average of $6.63. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of -13.36 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

AUR has been the subject of several research analyst reports. Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. TD Cowen started coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 target price for the company. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of "Hold" and a consensus price target of $9.07.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.