State of New Jersey Common Pension Fund D Sells 76,203 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

State of New Jersey Common Pension Fund D reduced its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,668 shares of the company's stock after selling 76,203 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Aurora Innovation were worth $2,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC boosted its stake in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after acquiring an additional 4,955 shares during the last quarter. Souders Financial Advisors acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation in the 3rd quarter valued at $60,000. Sigma Planning Corp acquired a new stake in Aurora Innovation during the 3rd quarter worth $63,000. Finally, Reynders McVeigh Capital Management LLC bought a new position in Aurora Innovation during the third quarter worth about $63,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Trading Down 5.7 %

Shares of AUR traded down $0.42 during midday trading on Monday, reaching $7.01. The stock had a trading volume of 18,763,184 shares, compared to its average volume of 16,582,951. The firm has a market cap of $12.20 billion, a PE ratio of -14.91 and a beta of 2.85. The firm has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $6.10. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Remove Ads

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. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AUR. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. 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. 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 note on Wednesday, January 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, Evercore ISI upped their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.50.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation 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.