250,500 Shares in Aurora Innovation, Inc. (NASDAQ:AUR) Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 250,500 shares of the company's stock, valued at approximately $1,578,000.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in shares of Aurora Innovation by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after purchasing an additional 1,717 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Aurora Innovation by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock valued at $224,000 after purchasing an additional 1,723 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after purchasing an additional 2,216 shares during the last quarter. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in Aurora Innovation by 3.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after buying an additional 3,360 shares during the period. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

AUR traded down $0.42 during mid-day trading on Monday, hitting $6.28. The stock had a trading volume of 37,569,099 shares, compared to its average volume of 13,134,932. The stock's fifty day simple moving average is $6.79 and its 200-day simple moving average is $6.85. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of -13.36 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 posted its 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). As a group, research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AUR has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective 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. Evercore ISI increased their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Needham & Company LLC increased their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their price objective 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.75.

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.