Arrowstreet Capital Limited Partnership bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 215,448 shares of the company's stock, valued at approximately $1,357,000.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Aurora Innovation in the 4th quarter worth about $45,772,000. Geode Capital Management LLC lifted its holdings in Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock worth $134,981,000 after buying an additional 3,064,342 shares during the period. State Street Corp grew its holdings in shares of Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares during the period. Vanguard Group Inc. lifted its stake in shares of Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after purchasing an additional 2,687,191 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Aurora Innovation by 57.6% during 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 in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.
Aurora Innovation Price Performance
Shares of Aurora Innovation stock traded up $0.13 during trading on Thursday, hitting $6.00. 2,695,530 shares of the company's stock traded hands, compared to its average volume of 11,494,019. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The business has a 50-day simple moving average of $7.08 and a 200-day simple moving average of $6.67. The stock has a market capitalization of $10.44 billion, a P/E ratio of -12.86 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) earnings per share for the quarter. On average, equities analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on AUR. Oppenheimer started coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Aurora Innovation in a research note on Tuesday. They set a "buy" rating and a $10.00 price objective on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price for the company. Finally, Evercore ISI upped their price target 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus price target of $9.63.
View Our Latest Stock Report on AUR
Aurora Innovation Company Profile
(
Free Report)
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.
See Also
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
