ARK Investment Management LLC Acquires Shares of 2,100,209 Aurora Innovation, Inc. (NASDAQ:AUR)

ARK Investment Management LLC acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,100,209 shares of the company's stock, valued at approximately $12,433,000. ARK Investment Management LLC owned 0.13% of Aurora Innovation at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Aurora Innovation by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock valued at $239,092,000 after acquiring an additional 1,267,962 shares in the last quarter. Baillie Gifford & Co. lifted its position in Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company's stock worth $200,655,000 after buying an additional 31,841,994 shares during the period. Dimensional Fund Advisors LP lifted its position in Aurora Innovation by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock worth $36,941,000 after buying an additional 2,502,002 shares during the period. Primecap Management Co. CA lifted its position in Aurora Innovation by 1.0% during the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company's stock worth $28,303,000 after buying an additional 102,800 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Aurora Innovation by 273.5% during the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock worth $14,377,000 after buying an additional 3,800,901 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Insider Activity

In other news, Director Reid Hoffman sold 829,713 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02. Following the completion of the sale, the director now owns 310,939 shares in the company, valued at approximately $1,722,602.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 5,723,587 shares of company stock worth $31,723,223. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Stock Performance

NASDAQ:AUR traded up $0.12 on Friday, hitting $5.61. 7,884,597 shares of the stock were exchanged, compared to its average volume of 8,738,306. Aurora Innovation, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $7.01. The stock has a fifty day moving average of $5.45 and a 200-day moving average of $3.97.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research note on Monday. Canaccord Genuity Group restated a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st.

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.