Alight Capital Management LP Invests $630,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Alight Capital Management LP acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $630,000.

Several other large investors also recently made changes to their positions in AUR. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at about $84,000. Uber Technologies Inc purchased a new position in Aurora Innovation in the 4th quarter worth approximately $2,053,632,000. Comerica Bank raised its stake in shares of Aurora Innovation by 148.3% during the fourth quarter. Comerica Bank now owns 42,294 shares of the company's stock valued at $266,000 after purchasing an additional 25,260 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth $368,000. Finally, Northern Trust Corp boosted its stake in shares of Aurora Innovation by 7.9% in the fourth quarter. Northern Trust Corp now owns 8,854,605 shares of the company's stock valued at $55,784,000 after purchasing an additional 651,422 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Price Performance

AUR traded up $1.26 during trading hours on Friday, hitting $8.14. 26,129,799 shares of the stock were exchanged, compared to its average volume of 11,886,081. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of -17.32 and a beta of 2.77. The stock has a 50-day simple moving average of $6.72 and a 200-day simple moving average of $6.78. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AUR shares. Needham & Company LLC initiated coverage on shares of Aurora Innovation in a report on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price objective on the stock. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Canaccord Genuity Group raised their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Finally, The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and raised their price target for the stock from $3.00 to $6.00 in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and an average price target of $10.25.

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.