Voloridge Investment Management LLC Takes $6.96 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Voloridge Investment Management LLC acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,104,467 shares of the company's stock, valued at approximately $6,958,000. Voloridge Investment Management LLC owned approximately 0.06% of Aurora Innovation at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AUR. CoreCap Advisors LLC grew its position in 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 acquiring an additional 1,717 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after purchasing an additional 1,723 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after buying an additional 2,216 shares during the period. Twin Tree Management LP raised its holdings in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Aurora Innovation by 3.5% during the 4th 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 currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on AUR. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC upped their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a report on Thursday, February 13th. Oppenheimer began coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Performance

Shares of AUR traded down $0.06 on Wednesday, reaching $6.10. The stock had a trading volume of 10,249,883 shares, compared to its average volume of 13,353,526. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of -12.97 and a beta of 2.76. The company has a 50-day simple moving average of $6.68 and a 200-day simple moving average of $6.87.

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

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.