D. E. Shaw & Co. Inc. Buys 656,148 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

D. E. Shaw & Co. Inc. lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC raised its holdings in Aurora Innovation by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after acquiring an additional 1,717 shares during the period. CIBC Asset Management Inc raised its holdings in Aurora Innovation by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock valued at $224,000 after acquiring an additional 1,723 shares during the period. Corient Private Wealth LLC raised its holdings in Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after acquiring an additional 2,216 shares during the period. Twin Tree Management LP raised its holdings in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in Aurora Innovation by 3.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after acquiring an additional 3,360 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AUR shares. Needham & Company LLC lifted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI lifted 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. The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Aurora Innovation has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Price Performance

NASDAQ AUR traded down $0.04 during mid-day trading on Thursday, reaching $6.82. 36,017,632 shares of the stock were exchanged, compared to its average volume of 12,863,936. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The stock has a market cap of $11.87 billion, a P/E ratio of -14.51 and a beta of 2.76. The stock has a 50 day simple moving average of $6.77 and a 200-day simple moving average of $6.84.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal 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.