Intech Investment Management LLC Invests $1.07 Million in Aurora Innovation, Inc. (NASDAQ:AUR)

Intech Investment Management LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 180,931 shares of the company's stock, valued at approximately $1,071,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock valued at $239,092,000 after buying an additional 1,267,962 shares during the period. American International Group Inc. raised its holdings in Aurora Innovation by 4.6% in the 1st quarter. American International Group Inc. now owns 176,045 shares of the company's stock worth $496,000 after purchasing an additional 7,773 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Aurora Innovation by 74.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 287,710 shares of the company's stock worth $812,000 after acquiring an additional 122,635 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Aurora Innovation during the first quarter worth about $58,000. Finally, Janus Henderson Group PLC lifted its holdings in Aurora Innovation by 45.3% in the 1st quarter. Janus Henderson Group PLC now owns 393,575 shares of the company's stock worth $1,112,000 after purchasing an additional 122,630 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

AUR has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective 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. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday. They issued a "peer perform" rating on the stock. TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. 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 report on Monday, October 14th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.63.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction 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 $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reid Hoffman sold 1,393,874 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the transaction, the director now owns 672,425 shares in the company, valued at $3,664,716.25. This trade represents a 67.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Stock Up 7.3 %

AUR stock opened at $6.49 on Thursday. Aurora Innovation, Inc. has a 52 week low of $2.06 and a 52 week high of $7.01. The firm has a market capitalization of $11.15 billion, a P/E ratio of -13.24 and a beta of 2.82. The company has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $4.24.

Aurora Innovation 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.