FMR LLC lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 206.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,848,530 shares of the company's stock after buying an additional 9,325,013 shares during the quarter. FMR LLC owned about 0.81% of Aurora Innovation worth $81,983,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Citigroup Inc. grew its position in Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock worth $4,175,000 after buying an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation by 26.7% during 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. Sterling Investment Advisors Ltd. bought a new position in shares of Aurora Innovation in the third quarter worth $1,184,000. Creative Planning acquired a new position in Aurora Innovation in the third quarter valued at about $652,000. Finally, The Manufacturers Life Insurance Company lifted its position in Aurora Innovation by 67.9% during the second quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company's stock worth $1,386,000 after purchasing an additional 202,413 shares during the period. Institutional investors own 44.71% of the company's stock.
Aurora Innovation Stock Up 13.4 %
Shares of AUR stock traded up $0.93 during trading hours on Friday, hitting $7.85. 24,267,732 shares of the company's stock traded hands, compared to its average volume of 9,095,829. The stock has a market cap of $13.49 billion, a PE ratio of -15.06 and a beta of 2.86. The stock's 50 day simple moving average is $5.92 and its 200 day simple moving average is $4.39. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $8.05.
Insider Activity
In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reid Hoffman sold 447,046 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the sale, the director now owns 26,892 shares in the company, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,776,667 shares of company stock valued at $48,432,337. Company insiders own 13.83% of the company's stock.
Analysts Set New Price Targets
AUR has been the subject of several recent analyst reports. TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Wolfe Research started coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Evercore ISI boosted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. The Goldman Sachs Group raised 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. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Aurora Innovation currently has an average rating of "Hold" and an average target price of $4.63.
Check Out Our Latest 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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