Wellington Management Group LLP Has $14.10 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Wellington Management Group LLP increased its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 173.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,381,589 shares of the company's stock after buying an additional 1,512,061 shares during the quarter. Wellington Management Group LLP owned about 0.14% of Aurora Innovation worth $14,099,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AUR. Sequoia Financial Advisors LLC bought a new position in shares of Aurora Innovation in the second quarter valued at $30,000. Profund Advisors LLC acquired a new stake in shares of Aurora Innovation during the second quarter worth $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Aurora Innovation during the second quarter valued at $51,000. Diversified Portfolios Inc. acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at $54,000. Finally, Nisa Investment Advisors LLC increased its stake in Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock worth $54,000 after purchasing an additional 4,702 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Insider Activity

In related news, Director Reid Hoffman sold 1,393,874 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the completion of the sale, the director now directly owns 672,425 shares in the company, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last ninety days. Corporate insiders own 13.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AUR. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price objective for the company. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. TD Cowen lifted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Canaccord Genuity Group reissued a "buy" rating and set a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.70.

Aurora Innovation Price Performance

Aurora Innovation stock traded down $0.39 during trading hours on Friday, hitting $6.97. The company had a trading volume of 12,618,950 shares, compared to its average volume of 11,893,290. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $8.05. The firm has a market capitalization of $11.98 billion, a P/E ratio of -14.22 and a beta of 2.86. The firm's fifty day moving average is $6.14 and its 200-day moving average is $4.62.

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.