Cibc World Markets Corp Acquires New Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Cibc World Markets Corp purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 89,852 shares of the company's stock, valued at approximately $566,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Aurora Innovation by 206.1% in 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 during the last quarter. Geode Capital Management LLC lifted its stake in Aurora Innovation by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. State Street Corp grew its holdings in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after purchasing an additional 2,920,653 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after buying an additional 1,776,513 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company's stock valued at $30,221,000 after buying an additional 1,753,757 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

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Aurora Innovation Stock Down 9.1 %

Shares of NASDAQ AUR traded down $0.71 during midday trading on Wednesday, reaching $7.12. 10,788,975 shares of the company were exchanged, compared to its average volume of 11,087,131. The stock's 50-day moving average price is $7.26 and its 200-day moving average price is $6.55. The stock has a market cap of $12.39 billion, a P/E ratio of -15.15 and a beta of 2.82. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price on the stock. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating for the company. Evercore ISI lifted their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $8.08.

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.