Barclays PLC Increases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Barclays PLC boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 431.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,709,749 shares of the company's stock after buying an additional 1,388,307 shares during the quarter. Barclays PLC owned approximately 0.10% of Aurora Innovation worth $10,122,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AUR. Amalgamated Bank grew its holdings in shares of Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after acquiring an additional 2,913 shares in the last quarter. ASB Consultores LLC boosted its position in Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after purchasing an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company's stock valued at $188,000 after purchasing an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock worth $54,000 after purchasing an additional 4,702 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company's stock worth $154,000 after buying an additional 7,595 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen lifted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.70.

Aurora Innovation Price Performance

Shares of AUR traded up $0.07 during midday trading on Tuesday, hitting $8.06. 13,792,795 shares of the company traded hands, compared to its average volume of 9,169,684. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $8.14. The firm has a market cap of $13.85 billion, a P/E ratio of -16.45 and a beta of 2.86. The stock has a 50-day moving average of $6.19 and a 200-day moving average of $4.66.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares of the company's stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at $2,133,931.50. The trade was a 90.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. Corporate insiders own 13.83% of the company's stock.

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.