600,200 Shares in Aurora Innovation, Inc. (NASDAQ:AUR) Bought by Permanent Capital Management LP

Permanent Capital Management LP bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 600,200 shares of the company's stock, valued at approximately $3,781,000. Aurora Innovation comprises approximately 1.2% of Permanent Capital Management LP's investment portfolio, making the stock its 12th biggest position.

Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank grew its stake in shares of Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after purchasing an additional 2,913 shares during the period. ARK Investment Management LLC bought a new stake in Aurora Innovation during the third quarter valued at approximately $12,433,000. Sigma Planning Corp purchased a new stake in Aurora Innovation during the third quarter valued at approximately $63,000. State of New Jersey Common Pension Fund D bought a new position in Aurora Innovation in the third quarter worth approximately $2,681,000. Finally, Baillie Gifford & Co. boosted its stake in shares of Aurora Innovation by 17.2% during the 3rd 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. Institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

AUR has been the subject of several analyst reports. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Evercore ISI upped their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.08.

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Aurora Innovation Trading Down 1.1 %

AUR traded down $0.07 on Wednesday, hitting $6.25. 12,792,452 shares of the company's stock traded hands, compared to its average volume of 15,880,440. The company's 50 day simple moving average is $7.24 and its 200-day simple moving average is $6.35. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of -13.30 and a beta of 2.82.

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

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.