Arrowstreet Capital Limited Partnership purchased a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 215,448 shares of the company's stock, valued at approximately $1,357,000.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $45,772,000. Geode Capital Management LLC raised its stake 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 worth $134,981,000 after buying an additional 3,064,342 shares in the last quarter. State Street Corp lifted its holdings in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after buying an additional 2,920,653 shares during the period. Vanguard Group Inc. boosted its stake in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after buying an additional 2,687,191 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings 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 acquiring an additional 1,753,757 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.
Aurora Innovation Trading Up 1.8 %
NASDAQ:AUR traded up $0.11 on Tuesday, hitting $6.14. 12,071,984 shares of the company's stock traded hands, compared to its average volume of 11,481,884. The firm has a 50-day moving average price of $7.13 and a 200-day moving average price of $6.68. The company has a market cap of $10.69 billion, a PE ratio of -13.06 and a beta of 2.77. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Morgan Stanley started 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. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and increased their price target for the company from $3.00 to $6.00 in a research report on Thursday, April 10th. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.63.
Check Out Our Latest Report on Aurora Innovation
Aurora Innovation Company Profile
(
Free Report)
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.
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