LPL Financial LLC Grows Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

LPL Financial LLC raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 223.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,993 shares of the company's stock after purchasing an additional 196,870 shares during the period. LPL Financial LLC's holdings in Aurora Innovation were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AUR. Twin Tree Management LP raised 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 worth $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew 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 buying an additional 4,955 shares during the last quarter. Grimes & Company Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter worth approximately $63,000. Yousif Capital Management LLC purchased a new position in Aurora Innovation during the 4th quarter valued at $65,000. Finally, Avantax Advisory Services Inc. purchased a new position in Aurora Innovation during the 4th quarter valued at $65,000. 44.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

AUR has been the topic of several recent analyst reports. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI raised their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Canaccord Genuity Group boosted their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Aurora Innovation has an average rating of "Moderate Buy" and an average target price of $9.63.

Aurora Innovation Stock Up 4.1 %

Shares of NASDAQ AUR traded up $0.24 during midday trading on Friday, reaching $6.11. 14,703,266 shares of the stock were exchanged, compared to its average volume of 11,537,680. The firm has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $6.68. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of -13.00 and a beta of 2.77.

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

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.