HITE Hedge Asset Management LLC Sells 75,722 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

HITE Hedge Asset Management LLC reduced its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,880 shares of the company's stock after selling 75,722 shares during the period. HITE Hedge Asset Management LLC's holdings in Aurora Innovation were worth $673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AUR. Twin Tree Management LP increased its position in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Grimes & Company Inc. acquired a new stake in Aurora Innovation in the fourth quarter worth about $63,000. Yousif Capital Management LLC bought a new position in Aurora Innovation in the 4th quarter valued at about $65,000. Finally, Avantax Advisory Services Inc. acquired a new position in Aurora Innovation during the 4th quarter valued at about $65,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 7.2 %

NASDAQ:AUR traded up $0.44 during trading hours on Wednesday, reaching $6.59. The company had a trading volume of 6,048,395 shares, compared to its average volume of 11,548,444. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The stock has a 50-day moving average of $6.95 and a two-hundred day moving average of $6.70. The firm has a market capitalization of $11.47 billion, a PE ratio of -14.02 and a beta of 2.77.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Aurora Innovation from a "sell" rating to a "neutral" rating and raised their price objective for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Needham & Company LLC began coverage on Aurora Innovation in a report on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price objective for the company. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price for the company. Finally, TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Aurora Innovation currently has an average rating of "Moderate Buy" and an average price target of $9.63.

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.