Vanguard Group Inc. Has $712.03 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Vanguard Group Inc. raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,020,406 shares of the company's stock after acquiring an additional 2,687,191 shares during the quarter. Vanguard Group Inc. owned approximately 6.58% of Aurora Innovation worth $712,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in Aurora Innovation by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after acquiring an additional 1,723 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after purchasing an additional 2,216 shares in the last quarter. Twin Tree Management LP grew its holdings in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company's stock valued at $188,000 after buying an additional 4,054 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Aurora Innovation by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company's stock valued at $859,000 after buying an additional 4,154 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AUR shares. TD Cowen started coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Oppenheimer started coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Morgan Stanley began coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Aurora Innovation has a consensus rating of "Hold" and a consensus target price of $9.07.

Aurora Innovation Trading Down 9.6 %

Shares of NASDAQ:AUR traded down $0.60 during midday trading on Friday, hitting $5.68. The company had a trading volume of 20,880,727 shares, compared to its average volume of 11,304,818. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77. The firm has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $6.64. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of -12.09 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Equities analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.