Algert Global LLC Grows Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Algert Global LLC grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 488,403 shares of the company's stock after buying an additional 143,342 shares during the period. Algert Global LLC's holdings in Aurora Innovation were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Tree Management LP grew its position 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 purchasing an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after acquiring an additional 4,955 shares in the last quarter. Grimes & Company Inc. acquired a new position in shares of Aurora Innovation in the fourth quarter worth $63,000. Yousif Capital Management LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $65,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Aurora Innovation during the fourth quarter valued at $65,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AUR shares. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley started 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. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group upgraded shares of Aurora Innovation from a "sell" rating to a "neutral" rating and upped their price target for the company from $3.00 to $6.00 in a report on Thursday, April 10th. Finally, Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.63.

Aurora Innovation Price Performance

NASDAQ AUR traded down $0.47 on Friday, reaching $7.28. The company had a trading volume of 19,066,098 shares, compared to its average volume of 12,015,669. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of -15.49 and a beta of 2.76. The business has a 50 day moving average of $6.76 and a two-hundred day moving average of $6.82. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts predict 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.