Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,397,672 shares of the company's stock after buying an additional 656,148 shares during the period. D. E. Shaw & Co. Inc. owned about 0.26% of Aurora Innovation worth $27,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Uber Technologies Inc purchased a new position in Aurora Innovation in the 4th quarter valued at about $2,053,632,000. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Aurora Innovation by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after purchasing an additional 3,237,609 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Aurora Innovation by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after purchasing an additional 577,704 shares in the last quarter. Finally, Durable Capital Partners LP lifted its holdings in Aurora Innovation by 8.4% in the 4th quarter. Durable Capital Partners LP now owns 12,757,155 shares of the company's stock valued at $80,370,000 after purchasing an additional 986,475 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports 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. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. TD Cowen started coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Finally, Needham & Company LLC increased their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. 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 MarketBeat.com, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Down 1.8%

Shares of AUR stock traded down $0.12 during trading hours on Friday, hitting $6.70. 40,868,252 shares of the company were exchanged, compared to its average volume of 13,036,583. The firm has a market cap of $11.66 billion, a PE ratio of -14.26 and a beta of 2.76. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77. The firm has a fifty day moving average of $6.79 and a 200 day moving average of $6.84.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results 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). Analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

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.