Intech Investment Management LLC Buys 256,677 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Intech Investment Management LLC raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 141.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 437,608 shares of the company's stock after purchasing an additional 256,677 shares during the period. Intech Investment Management LLC's holdings in Aurora Innovation were worth $2,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nikko Asset Management Americas Inc. boosted its position in shares of Aurora Innovation by 57.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 4,796,952 shares of the company's stock worth $30,221,000 after buying an additional 1,753,757 shares during the period. Parallel Advisors LLC raised its position in shares of Aurora Innovation by 86.1% during the fourth quarter. Parallel Advisors LLC now owns 49,923 shares of the company's stock worth $315,000 after purchasing an additional 23,096 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Aurora Innovation during the fourth quarter valued at $566,000. Twin Tree Management LP boosted its position 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 during the period. Finally, Corient Private Wealth LLC increased its stake in Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after purchasing an additional 2,216 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have commented on AUR shares. Evercore ISI raised their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. TD Cowen started 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. Canaccord Genuity Group boosted their target price 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. Wolfe Research assumed coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.08.

Aurora Innovation Trading Up 5.7 %

NASDAQ AUR traded up $0.41 on Monday, reaching $7.64. The stock had a trading volume of 9,107,969 shares, compared to its average volume of 11,045,345. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The business has a 50 day moving average price of $7.20 and a 200 day moving average price of $6.49. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of -16.26 and a beta of 2.82.

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. On average, analysts anticipate 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.