Vanguard Group Inc. Boosts Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Vanguard Group Inc. boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,516,588 shares of the company's stock after purchasing an additional 4,625,559 shares during the period. Vanguard Group Inc. owned about 5.44% of Aurora Innovation worth $364,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company's stock valued at $31,000 after purchasing an additional 3,400 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Aurora Innovation during the fourth quarter valued at $41,000. Blueshift Asset Management LLC bought a new position in shares of Aurora Innovation during the fourth quarter valued at $53,000. Industry Ventures L.L.C. bought a new position in shares of Aurora Innovation during the fourth quarter valued at $69,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Aurora Innovation by 51.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company's stock valued at $75,000 after acquiring an additional 5,859 shares during the last quarter. Institutional investors own 44.71% of the company's stock.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 338,000 shares of Aurora Innovation stock in a transaction on Monday, May 13th. The shares were sold at an average price of $3.19, for a total value of $1,078,220.00. Following the completion of the sale, the director now directly owns 442,663 shares of the company's stock, valued at $1,412,094.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Price Performance

Shares of AUR traded up $0.04 during trading hours on Friday, hitting $2.77. 79,932,719 shares of the stock were exchanged, compared to its average volume of 8,190,822. Aurora Innovation, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.81. The business has a 50-day moving average of $2.68 and a 200-day moving average of $2.95. The firm has a market capitalization of $4.30 billion, a P/E ratio of -5.04 and a beta of 2.73.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AUR shares. TD Cowen dropped their price target on shares of Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating for the company in a research note on Friday, March 15th. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Friday, March 15th.

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.