Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,252 shares of the company's stock after acquiring an additional 52,634 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Aurora Innovation were worth $1,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AUR. Geode Capital Management LLC raised its position in shares of Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the period. State Street Corp raised its position in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after purchasing an additional 2,920,653 shares during the period. FMR LLC raised its position in shares of Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after purchasing an additional 9,325,013 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Aurora Innovation by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock valued at $54,772,000 after purchasing an additional 269,120 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company's stock valued at $30,221,000 after purchasing an additional 1,753,757 shares during the period. Institutional investors own 44.71% of the company's stock.

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Aurora Innovation Price Performance

AUR stock traded up $0.09 during midday trading on Friday, reaching $7.23. The company had a trading volume of 14,831,253 shares, compared to its average volume of 11,042,217. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The company has a market capitalization of $12.58 billion, a P/E ratio of -15.38 and a beta of 2.82. The firm has a 50-day moving average price of $7.20 and a 200-day moving average price of $6.45.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AUR. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target on the stock. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Evercore ISI boosted their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.08.

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.