Vanguard Group Inc. Acquires 2,687,191 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Vanguard Group Inc. lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,020,406 shares of the company's stock after purchasing an additional 2,687,191 shares during the period. Vanguard Group Inc. owned 6.58% of Aurora Innovation worth $712,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AUR. Twin Tree Management LP lifted its position in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation during the third quarter worth $60,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Aurora Innovation in the third quarter valued at $63,000. Finally, Grimes & Company Inc. acquired a new stake in shares of Aurora Innovation during the 4th quarter worth about $63,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded down $0.71 during mid-day trading on Thursday, reaching $6.45. The company had a trading volume of 8,141,241 shares, compared to its average volume of 11,265,059. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of -13.72 and a beta of 2.82. The business's 50-day simple moving average is $7.27 and its 200 day simple moving average is $6.64. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

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Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

AUR has been the topic of a number of research reports. TD Cowen started coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price target on the stock. Canaccord Genuity Group increased their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Evercore ISI lifted their price target 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 initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. Finally, Oppenheimer initiated coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation presently has a consensus rating of "Hold" and a consensus target price of $9.07.

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.