Freestone Capital Holdings LLC Reduces Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Freestone Capital Holdings LLC lessened its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,238 shares of the company's stock after selling 200,000 shares during the quarter. Freestone Capital Holdings LLC's holdings in Aurora Innovation were worth $3,851,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after buying an additional 394,933 shares during the last quarter. Citigroup Inc. lifted its position in shares of Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock valued at $4,175,000 after purchasing an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Aurora Innovation by 26.7% in 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. ARK Investment Management LLC increased its stake in Aurora Innovation by 14.9% in the 4th 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 lifted its position in shares of Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after buying an additional 2,920,653 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

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Aurora Innovation Stock Down 10.4 %

AUR traded down $0.74 during trading hours on Monday, hitting $6.36. The stock had a trading volume of 14,272,188 shares, compared to its average volume of 16,107,397. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The company's fifty day simple moving average is $7.24 and its 200 day simple moving average is $6.32. The stock has a market cap of $11.07 billion, a PE ratio of -13.53 and a beta of 2.82.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AUR. Morgan Stanley started coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price for the company. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. TD Cowen assumed coverage on Aurora Innovation in a research note on Friday. They set a "hold" rating and a $8.00 target price on the stock. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.