T. Rowe Price Investment Management Inc. Has $1.39 Billion Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

T. Rowe Price Investment Management Inc. lessened its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,022,476 shares of the company's stock after selling 5,563,940 shares during the quarter. Aurora Innovation accounts for approximately 0.9% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 20th biggest holding. T. Rowe Price Investment Management Inc. owned 12.86% of Aurora Innovation worth $1,392,442,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after purchasing an additional 394,933 shares in the last quarter. Vanguard Group Inc. lifted its stake in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after acquiring an additional 2,687,191 shares during the last quarter. Swiss National Bank increased its stake in shares of Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after purchasing an additional 335,000 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Aurora Innovation by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after purchasing an additional 312,144 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $702,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.15 on Wednesday. The stock's fifty day moving average price is $6.95 and its two-hundred day moving average price is $6.70. The firm has a market cap of $10.70 billion, a PE ratio of -13.09 and a beta of 2.77. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

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. Sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. Finally, Needham & Company LLC started coverage on shares of Aurora Innovation in a research note on Tuesday, April 15th. They set a "buy" rating and a $10.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.63.

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.

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