Geode Capital Management LLC Purchases 3,064,342 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Geode Capital Management LLC lifted its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 15.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,796,526 shares of the company's stock after purchasing an additional 3,064,342 shares during the quarter. Geode Capital Management LLC owned 1.33% of Aurora Innovation worth $134,981,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its stake in shares of Aurora Innovation by 78.4% in the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company's stock valued at $200,655,000 after acquiring an additional 31,841,994 shares during the last quarter. FMR LLC lifted its position 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 purchasing an additional 9,325,013 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 3,800,901 shares during the last quarter. State Street Corp grew its holdings in shares of Aurora Innovation by 15.2% in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock worth $36,941,000 after buying an additional 2,502,002 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares of the company's stock, valued at $135,535.68. This trade represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. In 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AUR shares. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. Wolfe Research began coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating on the stock. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $5.70.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded up $0.07 during trading on Tuesday, hitting $8.06. The company had a trading volume of 13,792,795 shares, compared to its average volume of 9,169,684. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $8.14. The firm has a market capitalization of $13.85 billion, a P/E ratio of -16.45 and a beta of 2.86. The stock has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $4.66.

Aurora Innovation Company 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.