Kingsview Wealth Management LLC Has $783,000 Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Kingsview Wealth Management LLC cut its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,254 shares of the company's stock after selling 78,568 shares during the quarter. Kingsview Wealth Management LLC's holdings in Aurora Innovation were worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after purchasing an additional 2,913 shares during the period. ASB Consultores LLC increased its stake in Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock valued at $94,000 after buying an additional 3,088 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock worth $54,000 after buying an additional 4,702 shares in the last quarter. KBC Group NV lifted its stake in shares of Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company's stock worth $154,000 after acquiring an additional 7,595 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Aurora Innovation by 8.1% in the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company's stock valued at $283,000 after acquiring an additional 7,624 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 7.3 %

Shares of NASDAQ AUR traded up $0.44 during mid-day trading on Thursday, hitting $6.49. 8,404,646 shares of the company traded hands, compared to its average volume of 8,973,318. The business has a 50 day moving average of $5.84 and a two-hundred day moving average of $4.25. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82. Aurora Innovation, Inc. has a 1 year low of $2.06 and a 1 year high of $7.01.

Insiders Place Their Bets

In other news, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the sale, the director now owns 382,425 shares of the company's stock, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,776,667 shares of company stock worth $48,432,337. Company insiders own 13.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AUR. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday. They issued a "peer perform" rating for the company. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Finally, TD Cowen boosted their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Aurora Innovation currently has an average rating of "Hold" and a consensus price target of $4.63.

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.