State of New Jersey Common Pension Fund D bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 452,871 shares of the company's stock, valued at approximately $2,681,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in Aurora Innovation by 78.4% during the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company's stock worth $200,655,000 after buying an additional 31,841,994 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock worth $14,377,000 after buying an additional 3,800,901 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock worth $36,941,000 after buying an additional 2,502,002 shares in the last quarter. ARK Investment Management LLC acquired a new position in Aurora Innovation during the 3rd quarter worth $12,433,000. Finally, Vanguard Group Inc. lifted its holdings in Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock worth $239,092,000 after buying an additional 1,267,962 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. TD Cowen upped their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Canaccord Genuity Group reiterated a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Finally, 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 report on Monday, October 14th.
Read Our Latest Report on AUR
Aurora Innovation Price Performance
Shares of Aurora Innovation stock traded up $0.09 on Thursday, hitting $5.38. 13,784,744 shares of the company's stock traded hands, compared to its average volume of 8,823,436. The firm's 50-day moving average price is $5.53 and its two-hundred day moving average price is $4.06. The stock has a market capitalization of $9.25 billion, a PE ratio of -10.82 and a beta of 2.82. Aurora Innovation, Inc. has a one year low of $2.04 and a one year high of $7.01.
Insider Activity at Aurora Innovation
In related news, Director Reid Hoffman sold 3,500,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the sale, the director now owns 382,425 shares in the company, valued at $2,133,931.50. This represents a 90.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,580,384 shares of company stock worth $36,427,039 in the last quarter. Corporate insiders own 13.83% of the company's stock.
Aurora Innovation Company Profile
(
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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