Algert Global LLC Increases Stake in Aurora Innovation, Inc. $AUR

Key Points

• Algert Global LLC has increased its holdings in Aurora Innovation, acquiring an additional 198,515 shares, bringing its total to 686,918 shares valued at approximately $4.62 million.
• Other significant investors include Uber Technologies Inc and Vanguard Group Inc., with Vanguard now holding over 115 million shares, reflecting strong institutional interest in Aurora Innovation.
• Aurora Innovation's stock is currently priced at $6.44, up by 0.8%, and has an average target price of $10.75 from analysts after various upgrades.

Algert Global LLC increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 40.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 686,918 shares of the company's stock after buying an additional 198,515 shares during the quarter. Algert Global LLC's holdings in Aurora Innovation were worth $4,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AUR. CoreCap Advisors LLC boosted its position in shares of Aurora Innovation by 15.0% in the fourth 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. United Bank increased its position in Aurora Innovation by 17.0% in the first quarter. United Bank now owns 13,064 shares of the company's stock worth $88,000 after purchasing an additional 1,900 shares during the last quarter. Principal Financial Group Inc. increased its position in Aurora Innovation by 3.0% in the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock worth $475,000 after purchasing an additional 2,061 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after purchasing an additional 2,085 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after buying an additional 3,527 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AUR shares. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, Needham & Company LLC raised their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Trading Up 5.2%

AUR stock traded up $0.3030 during midday trading on Friday, reaching $6.1530. The stock had a trading volume of 6,519,320 shares, compared to its average volume of 19,518,529. The company's fifty day simple moving average is $5.79 and its 200 day simple moving average is $6.48. The company has a market cap of $11.35 billion, a price-to-earnings ratio of -13.09 and a beta of 2.49. Aurora Innovation, Inc. has a 52-week low of $3.61 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.50 million. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling

In other news, Director John J. Donahoe acquired 162,337 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the purchase, the director owned 162,337 shares of the company's stock, valued at $990,255.70. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the sale, the director owned 330,425 shares of the company's stock, valued at $1,956,116. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by company insiders.

Aurora Innovation Company 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.