Voloridge Investment Management LLC Purchases New Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Voloridge Investment Management LLC bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,104,467 shares of the company's stock, valued at approximately $6,958,000. Voloridge Investment Management LLC owned about 0.06% of Aurora Innovation at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AUR. CoreCap Advisors LLC increased its holdings in shares of Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after purchasing an additional 1,717 shares during the period. CIBC Asset Management Inc increased its stake in Aurora Innovation by 5.1% in the fourth 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 increased its stake in Aurora Innovation by 11.5% in the fourth 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 increased its stake in Aurora Innovation by 217.2% in the fourth 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. increased its stake 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 acquiring an additional 3,360 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Trading Up 3.5%

Shares of AUR stock traded up $0.21 during trading hours on Tuesday, hitting $6.15. 22,678,463 shares of the company were exchanged, compared to its average volume of 13,358,401. The company has a market capitalization of $10.88 billion, a PE ratio of -13.09 and a beta of 2.76. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The business has a 50 day moving average of $6.70 and a two-hundred day moving average of $6.87.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Ratings Changes

AUR has been the topic of a number of analyst reports. Evercore ISI upped their target price 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. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. 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. 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus price target 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.