Resolute Advisors LLC Sells 233,500 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Resolute Advisors LLC cut its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 70.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company's stock after selling 233,500 shares during the quarter. Aurora Innovation makes up about 0.1% of Resolute Advisors LLC's holdings, making the stock its 27th biggest position. Resolute Advisors LLC's holdings in Aurora Innovation were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ARK Investment Management LLC bought a new stake in shares of Aurora Innovation in the 3rd quarter worth approximately $12,433,000. Amalgamated Bank lifted its holdings in Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company's stock worth $189,000 after buying an additional 2,913 shares in the last quarter. ASB Consultores LLC raised its holdings in Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after purchasing an additional 3,088 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Aurora Innovation by 22.2% in the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company's stock valued at $949,000 after buying an additional 29,106 shares during the period. Finally, Vanguard Capital Wealth Advisors bought a new position in shares of Aurora Innovation in the 3rd quarter worth $266,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the completion of the sale, the director now owns 672,425 shares in the company, valued at $3,664,716.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 5,723,587 shares of company stock worth $31,723,223. Insiders own 13.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AUR shares. Evercore ISI upped their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Monday, November 4th. TD Cowen boosted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th.

Aurora Innovation Trading Up 2.2 %

Shares of NASDAQ:AUR traded up $0.12 during trading on Friday, hitting $5.61. 7,886,005 shares of the company were exchanged, compared to its average volume of 8,738,306. Aurora Innovation, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $7.01. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of -11.45 and a beta of 2.82. The firm has a fifty day moving average price of $5.47 and a two-hundred day moving average price of $4.00.

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.