Cookson Peirce & Co. Inc. reduced its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the company's stock after selling 40,000 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Aurora Innovation were worth $2,520,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after acquiring an additional 394,933 shares in the last quarter. Citigroup Inc. raised its stake in shares of Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock valued at $4,175,000 after acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 last quarter. ARK Investment Management LLC increased its holdings in Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after buying an additional 312,144 shares during the last quarter. Finally, State Street Corp increased 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 buying an additional 2,920,653 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.
Aurora Innovation Stock Performance
Shares of AUR stock traded up $0.14 during mid-day trading on Friday, hitting $7.10. 15,533,181 shares of the stock were exchanged, compared to its average volume of 16,149,158. The stock's fifty day simple moving average is $7.24 and its two-hundred day simple moving average is $6.28. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of -15.11 and a beta of 2.82. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms recently commented on AUR. Canaccord Genuity Group increased their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. TD Cowen began coverage on Aurora Innovation in a report on Friday. They issued a "hold" rating and a $8.00 target price on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.08.
Check Out Our Latest Stock Analysis on AUR
About Aurora Innovation
(
Free Report)
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.
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