State of New Jersey Common Pension Fund D Has $2.37 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

State of New Jersey Common Pension Fund D trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,668 shares of the company's stock after selling 76,203 shares during the period. State of New Jersey Common Pension Fund D's holdings in Aurora Innovation were worth $2,373,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Creative Planning acquired a new position in Aurora Innovation during the third quarter valued at approximately $652,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Aurora Innovation during the third quarter valued at approximately $1,184,000. Vanguard Capital Wealth Advisors acquired a new position in shares of Aurora Innovation during the third quarter worth $266,000. Harbor Capital Advisors Inc. lifted its position in shares of Aurora Innovation by 22.2% during the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company's stock worth $949,000 after purchasing an additional 29,106 shares in the last quarter. Finally, ASB Consultores LLC boosted its stake in shares of Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock valued at $94,000 after purchasing an additional 3,088 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AUR has been the topic of several research reports. Evercore ISI upped their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday. 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. TD Cowen raised their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Wolfe Research started coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Canaccord Genuity Group raised their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.50.

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.83% of the company's stock.

Aurora Innovation Trading Down 10.6 %

Aurora Innovation stock traded down $0.89 during midday trading on Friday, reaching $7.43. 12,257,332 shares of the stock traded hands, compared to its average volume of 16,517,742. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of -15.80 and a beta of 2.85. The firm has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $6.04.

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