Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 57.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,796,952 shares of the company's stock after purchasing an additional 1,753,757 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Aurora Innovation worth $30,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AUR. Bleakley Financial Group LLC acquired a new stake in Aurora Innovation during the 4th quarter worth about $90,000. Yousif Capital Management LLC acquired a new stake in shares of Aurora Innovation during the 4th quarter valued at about $65,000. GPS Wealth Strategies Group LLC grew its position in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after acquiring an additional 4,955 shares during the period. KBC Group NV grew its position in shares of Aurora Innovation by 41.9% during the 4th quarter. KBC Group NV now owns 37,034 shares of the company's stock valued at $233,000 after acquiring an additional 10,942 shares during the period. Finally, Grimes & Company Inc. acquired a new stake in shares of Aurora Innovation during the 4th quarter valued at about $63,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Canaccord Genuity Group raised 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. Wolfe Research started coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday. Finally, TD Cowen raised their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation presently has a consensus rating of "Hold" and a consensus price target of $6.30.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Reid Hoffman sold 537,837 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the transaction, the director now owns 286,247 shares of the company's stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. 13.83% of the stock is owned by insiders.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded up $0.77 during midday trading on Friday, reaching $10.19. 38,214,166 shares of the stock were exchanged, compared to its average volume of 11,015,713. The company has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $5.88. The stock has a market capitalization of $17.51 billion, a P/E ratio of -20.80 and a beta of 2.85. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, research analysts expect that Aurora Innovation, Inc. will post -0.47 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.