Norges Bank bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,265,446 shares of the company's stock, valued at approximately $45,772,000. Norges Bank owned approximately 0.42% of Aurora Innovation as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after buying an additional 394,933 shares during the last quarter. Vanguard Group Inc. grew its position in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after acquiring an additional 2,687,191 shares in the last quarter. Swiss National Bank increased its stake in shares of Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after purchasing an additional 335,000 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Aurora Innovation by 14.9% during the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after purchasing an additional 312,144 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at $702,000. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Stock Up 15.7 %
Aurora Innovation stock traded up $0.89 during mid-day trading on Wednesday, reaching $6.55. The company had a trading volume of 20,386,530 shares, compared to its average volume of 11,416,425. The company has a 50 day moving average of $7.18 and a 200-day moving average of $6.67. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of -13.94 and a beta of 2.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
AUR has been the topic of several recent research reports. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. Oppenheimer began coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9.07.
Read Our Latest Stock Analysis on Aurora Innovation
About Aurora Innovation
(
Free Report)
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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