DnB Asset Management AS Has $2.16 Million Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

DnB Asset Management AS increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,081 shares of the company's stock after acquiring an additional 129,816 shares during the period. DnB Asset Management AS's holdings in Aurora Innovation were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Pictet Asset Management Holding SA boosted its position in Aurora Innovation by 25.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 133,607 shares of the company's stock worth $842,000 after acquiring an additional 27,091 shares during the last quarter. Norges Bank bought a new stake in shares of Aurora Innovation in the fourth quarter worth $45,772,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Aurora Innovation during the fourth quarter worth $397,000. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after purchasing an additional 2,687,191 shares during the last quarter. Finally, LPL Financial LLC grew its position in Aurora Innovation by 223.4% in the fourth quarter. LPL Financial LLC now owns 284,993 shares of the company's stock valued at $1,795,000 after purchasing an additional 196,870 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Down 9.6 %

Shares of AUR stock traded down $0.60 during trading on Friday, reaching $5.68. 20,880,727 shares of the company's stock were exchanged, compared to its average volume of 11,322,745. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm's fifty day moving average price is $7.23 and its 200-day moving average price is $6.67. The stock has a market capitalization of $9.89 billion, a PE ratio of -12.09 and a beta of 2.77.

Remove Ads

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI increased their price target 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. Oppenheimer assumed coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Aurora Innovation currently has an average rating of "Hold" and a consensus price target of $9.07.

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.