Nikko Asset Management Americas Inc. Acquires 1,753,757 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Nikko Asset Management Americas Inc. lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 57.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,796,952 shares of the company's stock after purchasing an additional 1,753,757 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.28% of Aurora Innovation worth $30,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AUR. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in 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 purchasing an additional 4,955 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation in the third quarter worth $60,000. Sigma Planning Corp bought a new stake in shares of Aurora Innovation during the 3rd quarter worth $63,000. Finally, Reynders McVeigh Capital Management LLC bought a new position in Aurora Innovation in the 3rd quarter worth $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AUR shares. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Evercore ISI raised their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Wolfe Research started coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating for the company. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Aurora Innovation has a consensus rating of "Hold" and a consensus price target of $8.08.

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Aurora Innovation Trading Up 1.3 %

NASDAQ:AUR traded up $0.09 during mid-day trading on Friday, hitting $7.23. The company's stock had a trading volume of 14,840,150 shares, compared to its average volume of 11,042,224. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of -15.38 and a beta of 2.82. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The stock has a fifty day moving average of $7.20 and a 200-day moving average of $6.45.

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

About Aurora Innovation

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.