Renaissance Technologies LLC Sells 332,923 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Renaissance Technologies LLC trimmed its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,409,477 shares of the company's stock after selling 332,923 shares during the period. Renaissance Technologies LLC owned about 0.08% of Aurora Innovation worth $8,880,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in Aurora Innovation by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after buying an additional 1,723 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of 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. Twin Tree Management LP lifted its position in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after buying an additional 3,047 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Aurora Innovation by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company's stock worth $859,000 after acquiring an additional 4,154 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Up 10.9 %

Shares of NASDAQ AUR traded up $0.67 during trading on Wednesday, reaching $6.82. 3,779,626 shares of the company traded hands, compared to its average volume of 11,540,000. The stock has a market capitalization of $11.87 billion, a PE ratio of -14.51 and a beta of 2.77. The firm has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $6.70. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI increased their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their target price for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.63.

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.