Clare Market Investments LLC Invests $4.11 Million in Aurora Innovation, Inc. (NASDAQ:AUR)

Clare Market Investments LLC bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 652,458 shares of the company's stock, valued at approximately $4,110,000. Aurora Innovation comprises 1.0% of Clare Market Investments LLC's investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of AUR. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Aurora Innovation by 26.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 248,252 shares of the company's stock valued at $1,564,000 after purchasing an additional 52,634 shares during the period. Amundi raised its stake in Aurora Innovation by 37.1% during the 4th quarter. Amundi now owns 1,741,232 shares of the company's stock valued at $10,970,000 after buying an additional 470,856 shares during the last quarter. Permanent Capital Management LP bought a new position in shares of Aurora Innovation during the 4th quarter valued at $3,781,000. Raymond James Financial Inc. purchased a new position in shares of Aurora Innovation in the 4th quarter worth $702,000. Finally, Arizona State Retirement System grew its holdings in shares of Aurora Innovation by 22.2% in the fourth quarter. Arizona State Retirement System now owns 271,196 shares of the company's stock worth $1,709,000 after acquiring an additional 49,286 shares during the period. Institutional investors own 44.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AUR shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Aurora Innovation presently has an average rating of "Hold" and an average target price of $8.08.

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Aurora Innovation Stock Up 0.2 %

Aurora Innovation stock traded up $0.01 during midday trading on Thursday, reaching $6.26. The stock had a trading volume of 10,437,910 shares, compared to its average volume of 15,767,379. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The company has a fifty day moving average of $7.24 and a 200 day moving average of $6.35. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of -13.32 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Aurora Innovation Company Profile

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.