State Street Corp Has $131.33 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

State Street Corp grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,183,252 shares of the company's stock after buying an additional 2,920,653 shares during the period. State Street Corp owned approximately 1.29% of Aurora Innovation worth $131,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Aurora Innovation during the third quarter valued at $63,000. HighTower Advisors LLC grew its stake in Aurora Innovation by 13.9% in the 3rd quarter. HighTower Advisors LLC now owns 95,450 shares of the company's stock worth $566,000 after acquiring an additional 11,628 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $192,000. Captrust Financial Advisors boosted its holdings in shares of Aurora Innovation by 44.2% in the third quarter. Captrust Financial Advisors now owns 813,960 shares of the company's stock valued at $4,819,000 after purchasing an additional 249,316 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aurora Innovation by 24.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 195,618 shares of the company's stock worth $1,158,000 after purchasing an additional 38,608 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

NASDAQ AUR traded down $0.39 during trading hours on Friday, reaching $6.97. The company's stock had a trading volume of 12,618,950 shares, compared to its average volume of 11,893,290. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $8.05. The company's 50-day moving average is $6.14 and its two-hundred day moving average is $4.62. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -14.22 and a beta of 2.86.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 3,500,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 382,425 shares in the company, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the firm'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 transaction of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AUR. Evercore ISI lifted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th. The Goldman Sachs Group upped their price target on shares of 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 lifted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target on the stock. 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $5.70.

About Aurora Innovation

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.