Wells Fargo & Company MN Increases Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Wells Fargo & Company MN boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,721 shares of the company's stock after buying an additional 157,012 shares during the period. Wells Fargo & Company MN's holdings in Aurora Innovation were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AUR. Twin Tree Management LP boosted 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 acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC lifted its stake 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 worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Grimes & Company Inc. bought a new position in shares of Aurora Innovation in the fourth quarter worth $63,000. Yousif Capital Management LLC bought a new position in Aurora Innovation in the 4th quarter worth about $65,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter valued at about $65,000. Institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AUR shares. Evercore ISI lifted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. Needham & Company LLC started coverage on Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 target price on the stock. The Goldman Sachs Group raised Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a research note on Thursday, April 10th. Finally, TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $9.63.

Aurora Innovation Stock Up 7.7 %

Shares of AUR opened at $6.15 on Wednesday. The stock has a market capitalization of $10.70 billion, a P/E ratio of -13.09 and a beta of 2.77. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $6.70.

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

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.

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