ARK Investment Management LLC Boosts Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

ARK Investment Management LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,412,353 shares of the company's stock after buying an additional 312,144 shares during the period. ARK Investment Management LLC owned approximately 0.14% of Aurora Innovation worth $15,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC increased its holdings in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after buying an additional 4,955 shares in the last quarter. Souders Financial Advisors purchased a new stake in shares of Aurora Innovation during the third quarter worth about $59,000. Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation during the fourth quarter worth about $63,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation during the third quarter worth about $60,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter worth about $65,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR stock traded up $0.27 during trading hours on Friday, hitting $7.27. The company had a trading volume of 19,446,024 shares, compared to its average volume of 16,471,885. The company's fifty day moving average is $7.24 and its 200 day moving average is $6.16. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The stock has a market capitalization of $12.65 billion, a PE ratio of -15.47 and a beta of 2.85.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AUR. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Evercore ISI boosted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $6.50.

Aurora Innovation 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.