Citigroup Inc. Grows Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Citigroup Inc. lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 229.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 705,181 shares of the company's stock after purchasing an additional 491,125 shares during the period. Citigroup Inc.'s holdings in Aurora Innovation were worth $4,175,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after buying an additional 12,466,085 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock valued at $36,941,000 after buying an additional 2,502,002 shares during the period. Primecap Management Co. CA lifted its holdings in Aurora Innovation by 1.0% in the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company's stock valued at $28,303,000 after buying an additional 102,800 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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, Bank of New York Mellon Corp lifted its holdings in Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock valued at $14,377,000 after buying an additional 3,800,901 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded up $0.11 during midday trading on Wednesday, hitting $6.03. 7,483,470 shares of the company's stock were exchanged, compared to its average volume of 8,992,900. The stock has a 50 day moving average price of $5.90 and a 200-day moving average price of $4.36. The company has a market cap of $10.36 billion, a PE ratio of -12.08 and a beta of 2.86. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $7.01.

Analyst Ratings Changes

Several research firms have weighed in on AUR. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI lifted 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. Finally, TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.63.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the transaction, the director now directly owns 672,425 shares in the company, valued at $3,664,716.25. The trade was a 67.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last three months. Corporate insiders own 13.83% of the company's stock.

Aurora Innovation Profile

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.