Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 7,703 call options on the company. This is an increase of approximately 59% compared to the typical volume of 4,847 call options.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock worth $502,636,000 after acquiring an additional 12,466,085 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Aurora Innovation in the third quarter worth about $2,681,000. Sigma Planning Corp bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $63,000. ARK Investment Management LLC bought a new position in Aurora Innovation in the 3rd quarter valued at approximately $12,433,000. Finally, Amalgamated Bank increased its holdings in shares of Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company's stock worth $189,000 after purchasing an additional 2,913 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.
Aurora Innovation Price Performance
AUR stock traded down $0.37 during midday trading on Tuesday, hitting $5.18. The stock had a trading volume of 13,256,242 shares, compared to its average volume of 8,691,617. The business has a 50-day moving average of $5.38 and a two-hundred day moving average of $3.94. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of -10.45 and a beta of 2.82. Aurora Innovation has a 52-week low of $1.73 and a 52-week high of $7.01.
Analysts Set New Price Targets
AUR has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. The Goldman Sachs Group upped their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday. Evercore ISI boosted their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Finally, TD Cowen increased their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st.
View Our Latest Research Report on Aurora Innovation
About Aurora Innovation
(
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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.
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