Dimensional Fund Advisors LP Has $55.21 Million Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Dimensional Fund Advisors LP lowered its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,761,013 shares of the company's stock after selling 2,782,320 shares during the period. Dimensional Fund Advisors LP owned 0.51% of Aurora Innovation worth $55,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC lifted its position in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after purchasing an additional 1,388,307 shares during the period. Virtu Financial LLC acquired a new position in Aurora Innovation in the third quarter valued at approximately $337,000. Franklin Resources Inc. bought a new position in Aurora Innovation in the third quarter valued at approximately $72,000. JPMorgan Chase & Co. boosted its stake in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after acquiring an additional 394,933 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter valued at $164,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 2.5 %

Shares of NASDAQ:AUR traded up $0.18 during midday trading on Thursday, hitting $7.49. The stock had a trading volume of 2,556,473 shares, compared to its average volume of 11,900,828. The company has a market cap of $13.04 billion, a P/E ratio of -15.94 and a beta of 2.76. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77. The business's 50-day simple moving average is $6.74 and its 200-day simple moving average is $6.80.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, equities analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AUR. Canaccord Genuity Group raised their target price on 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 raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $3.00 to $6.00 in a research note on Thursday, April 10th. Needham & Company LLC initiated coverage on shares of Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 target price for the company. TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. Finally, Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.25.

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.