Ensign Peak Advisors Inc Takes $1.58 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Ensign Peak Advisors Inc purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250,500 shares of the company's stock, valued at approximately $1,578,000.

A number of other large investors have also made changes to their positions in AUR. Barclays PLC lifted its holdings in Aurora Innovation by 431.9% in the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after acquiring an additional 1,388,307 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Aurora Innovation by 441.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company's stock valued at $686,000 after acquiring an additional 88,821 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $95,000. Cornerstone Wealth Management LLC lifted its holdings in Aurora Innovation by 64.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company's stock valued at $461,000 after acquiring an additional 28,770 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Trading Down 0.6%

Aurora Innovation stock opened at $6.82 on Friday. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The stock's fifty day simple moving average is $6.78 and its 200-day simple moving average is $6.84. The firm has a market capitalization of $11.87 billion, a P/E ratio of -14.51 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Sell-side 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 research analysts recently commented on the company. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Canaccord Genuity Group upped their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Oppenheimer began coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. The Goldman Sachs Group upped their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $10.75.

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.

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