JPMorgan Chase & Co. Has $8.17 Million Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

JPMorgan Chase & Co. lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 40.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,380,479 shares of the company's stock after buying an additional 394,933 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of Aurora Innovation worth $8,172,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Citigroup Inc. grew its stake 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 acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after purchasing an additional 1,776,513 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in Aurora Innovation during the 3rd quarter worth approximately $1,184,000. State Street Corp raised its position in shares of Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after purchasing an additional 2,920,653 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Aurora Innovation in the third quarter worth $652,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Up 4.2 %

AUR traded up $0.27 during trading on Wednesday, reaching $6.68. The stock had a trading volume of 14,729,116 shares, compared to its average volume of 23,083,402. The stock has a 50 day moving average of $6.63 and a two-hundred day moving average of $5.34. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of -13.63 and a beta of 2.85. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $9.83.

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 transaction of $189,000.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reid Hoffman sold 537,837 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the sale, the director now directly owns 286,247 shares of the company's stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock worth $48,432,337 in the last ninety days. 13.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price target on the stock. Evercore ISI raised their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group increased their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.30.

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.