Invesco Ltd. Cuts Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Invesco Ltd. cut its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,490,041 shares of the company's stock after selling 492,044 shares during the period. Invesco Ltd. owned 0.14% of Aurora Innovation worth $15,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AUR. Twin Tree Management LP boosted its stake in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after buying an additional 4,955 shares in the last quarter. Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at about $63,000. Yousif Capital Management LLC bought a new stake in Aurora Innovation in the 4th quarter worth about $65,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $65,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Price Performance

NASDAQ:AUR traded up $0.34 during trading hours on Thursday, hitting $6.79. The stock had a trading volume of 7,057,386 shares, compared to its average volume of 14,759,928. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The company has a 50 day simple moving average of $6.87 and a two-hundred day simple moving average of $6.69. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of -14.44 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AUR. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Oppenheimer initiated coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target for the company. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Aurora Innovation in a research report on Tuesday, April 15th. They set a "buy" rating and a $10.00 target price for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.63.

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.