Wellington Management Group LLP Has $9.82 Million Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Wellington Management Group LLP lowered its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,043 shares of the company's stock after selling 822,546 shares during the quarter. Wellington Management Group LLP owned approximately 0.09% of Aurora Innovation worth $9,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its holdings in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after buying an additional 4,955 shares during the last quarter. Grimes & Company Inc. bought a new position in Aurora Innovation in the 4th quarter worth approximately $63,000. Yousif Capital Management LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth approximately $65,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $65,000. Institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective on the stock. TD Cowen initiated coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price target on the stock. Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus price target of $9.63.

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Aurora Innovation Stock Up 2.4 %

NASDAQ AUR traded up $0.15 on Tuesday, reaching $6.18. The company had a trading volume of 2,631,219 shares, compared to its average volume of 11,445,430. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of -13.17 and a beta of 2.77. The stock's 50 day moving average is $7.13 and its 200-day moving average is $6.68.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS 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.