Durable Capital Partners LP Has $80.37 Million Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Durable Capital Partners LP lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,757,155 shares of the company's stock after purchasing an additional 986,475 shares during the quarter. Durable Capital Partners LP owned 0.74% of Aurora Innovation worth $80,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its position in Aurora Innovation by 431.9% during the third 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Aurora Innovation by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after buying an additional 394,933 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter worth $164,000. Harbor Capital Advisors Inc. boosted its stake in Aurora Innovation by 7.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company's stock valued at $1,084,000 after buying an additional 11,870 shares in the last quarter. Finally, Breakwater Capital Group grew its position in Aurora Innovation by 79.9% in the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company's stock valued at $406,000 after acquiring an additional 28,656 shares during the last quarter. Institutional investors own 44.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AUR. The Goldman Sachs Group upgraded shares of Aurora Innovation from a "sell" rating to a "neutral" rating and raised their price target for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. 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 price target for the company. Needham & Company LLC began coverage on Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price target for the company. Oppenheimer assumed coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of "Moderate Buy" and an average target price of $10.25.

Aurora Innovation Price Performance

Shares of AUR opened at $7.20 on Wednesday. The business has a 50-day moving average of $6.74 and a 200-day moving average of $6.79. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of -15.31 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.

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

About Aurora Innovation

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.

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