Bank of New York Mellon Corp Reduces Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of New York Mellon Corp lessened its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,890,153 shares of the company's stock after selling 122,823 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.23% of Aurora Innovation worth $24,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in shares of Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after acquiring an additional 12,466,085 shares during the last quarter. FMR LLC raised its holdings in shares of Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after acquiring an additional 9,325,013 shares in the last quarter. Geode Capital Management LLC lifted its stake in Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock worth $134,981,000 after acquiring an additional 3,064,342 shares during the period. State Street Corp boosted its holdings in 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 acquiring an additional 2,920,653 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock worth $49,875,000 after purchasing an additional 1,776,513 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently weighed in on AUR. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Wolfe Research initiated coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8.08.

Aurora Innovation Stock Up 0.1 %

NASDAQ AUR traded up $0.01 during trading hours on Thursday, reaching $6.26. The company's stock had a trading volume of 9,096,511 shares, compared to its average volume of 15,714,516. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of -13.31 and a beta of 2.82. The firm's 50-day moving average price is $7.24 and its 200-day moving average price is $6.35.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS 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.