Soros Fund Management LLC Trims Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Soros Fund Management LLC lowered its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 45.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,657,185 shares of the company's stock after selling 3,016,650 shares during the period. Soros Fund Management LLC owned about 0.21% of Aurora Innovation worth $21,651,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AUR. Sequoia Financial Advisors LLC purchased a new stake in shares of Aurora Innovation in the 2nd quarter worth about $30,000. Profund Advisors LLC bought a new position in Aurora Innovation in the second quarter worth $46,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Aurora Innovation in the 2nd quarter worth about $51,000. Nisa Investment Advisors LLC lifted its position in Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock valued at $54,000 after acquiring an additional 4,702 shares during the period. Finally, Diversified Portfolios Inc. purchased a new stake in Aurora Innovation in the second quarter worth about $54,000. Institutional investors own 44.71% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AUR. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI boosted their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.63.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares of the company's stock, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock worth $48,432,337 in the last quarter. 13.83% of the stock is owned by corporate insiders.

Aurora Innovation Trading Up 14.3 %

Shares of NASDAQ:AUR traded up $0.99 during midday trading on Friday, reaching $7.91. 14,536,269 shares of the company were exchanged, compared to its average volume of 9,051,371. The stock has a market cap of $13.59 billion, a PE ratio of -15.06 and a beta of 2.86. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $8.05. The business's fifty day moving average is $5.92 and its two-hundred day moving average is $4.39.

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.