Yaupon Capital Management LP Acquires New Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Yaupon Capital Management LP purchased a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,035,608 shares of the company's stock, valued at approximately $6,524,000. Yaupon Capital Management LP owned 0.06% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after purchasing an additional 394,933 shares during the period. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after buying an additional 2,687,191 shares in the last quarter. Swiss National Bank increased its stake in shares of Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after purchasing an additional 335,000 shares in the last quarter. ARK Investment Management LLC raised its holdings in Aurora Innovation by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after acquiring an additional 312,144 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Aurora Innovation during the fourth quarter valued at about $702,000. 44.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AUR. Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI upped their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Oppenheimer assumed coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. Finally, Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.63.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock traded up $0.36 during trading on Thursday, hitting $6.81. The stock had a trading volume of 11,074,446 shares, compared to its average volume of 11,623,174. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77. The firm's fifty day simple moving average is $6.87 and its 200-day simple moving average is $6.69. The stock has a market cap of $11.85 billion, a PE ratio of -14.49 and a beta of 2.77.

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. Analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share 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.