Sterling Investment Advisors Ltd. Purchases New Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Sterling Investment Advisors Ltd. acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 200,000 shares of the company's stock, valued at approximately $1,184,000.

A number of other hedge funds also recently bought and sold shares of AUR. Vanguard Group Inc. boosted its holdings in shares of Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock worth $239,092,000 after purchasing an additional 1,267,962 shares during the period. Empowered Funds LLC boosted its holdings in shares of Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock worth $50,000 after buying an additional 5,386 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Aurora Innovation by 67.9% during the second quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company's stock valued at $1,386,000 after acquiring an additional 202,413 shares during the period. Algert Global LLC grew its holdings in Aurora Innovation by 72.9% in the 2nd quarter. Algert Global LLC now owns 265,921 shares of the company's stock valued at $737,000 after buying an additional 112,131 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Aurora Innovation by 45.3% during the first quarter. Janus Henderson Group PLC now owns 393,575 shares of the company's stock worth $1,112,000 after acquiring an additional 122,630 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AUR shares. Evercore ISI upped 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. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th.

Aurora Innovation Stock Performance

Aurora Innovation stock traded down $0.04 during trading hours on Friday, hitting $6.41. 7,941,012 shares of the stock were exchanged, compared to its average volume of 8,563,884. Aurora Innovation, Inc. has a 12 month low of $1.60 and a 12 month high of $6.79. The business's 50-day moving average is $5.11 and its two-hundred day moving average is $3.80. The stock has a market capitalization of $9.95 billion, a P/E ratio of -11.65 and a beta of 2.80.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01.

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.