Archon Partners LLC Buys Shares of 60,000 Aurora Innovation, Inc. (NASDAQ:AUR)

Archon Partners LLC purchased 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 & Exchange Commission. The institutional investor purchased 60,000 shares of the company's stock, valued at approximately $378,000.

Several other large investors have also recently bought and sold shares of AUR. Twin Tree Management LP boosted its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after acquiring an additional 4,955 shares during the period. Grimes & Company Inc. purchased a new position in Aurora Innovation during the fourth quarter valued at $63,000. Yousif Capital Management LLC bought a new stake in Aurora Innovation during the fourth quarter worth about $65,000. Finally, Avantax Advisory Services Inc. bought a new position in Aurora Innovation during the 4th quarter valued at approximately $65,000. 44.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AUR. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Evercore ISI increased their price objective 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. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. TD Cowen initiated coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. Finally, Needham & Company LLC initiated coverage on Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Trading Up 5.6 %

Shares of AUR opened at $6.81 on Friday. The company has a market cap of $11.85 billion, a P/E ratio of -14.49 and a beta of 2.77. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The company's fifty day simple moving average is $6.81 and its 200-day simple moving average is $6.71.

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

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.