Ameriprise Financial Inc. Increases Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Ameriprise Financial Inc. grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 3,760.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 799,773 shares of the company's stock after purchasing an additional 779,057 shares during the period. Ameriprise Financial Inc.'s holdings in Aurora Innovation were worth $5,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barclays PLC raised its stake in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock worth $10,122,000 after buying an additional 1,388,307 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Aurora Innovation by 441.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company's stock worth $686,000 after acquiring an additional 88,821 shares during the period. Janney Montgomery Scott LLC bought a new position in Aurora Innovation in the 4th quarter worth about $95,000. Cornerstone Wealth Management LLC increased its holdings in Aurora Innovation by 64.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company's stock worth $461,000 after acquiring an additional 28,770 shares during the period. Finally, Grimes & Company Inc. bought a new stake in Aurora Innovation during the fourth quarter valued at $63,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Performance

AUR traded down $0.05 during trading on Wednesday, hitting $6.11. 1,533,812 shares of the stock were exchanged, compared to its average volume of 13,313,629. The firm has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $6.87. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of -12.97 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 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). As a group, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AUR. Needham & Company LLC raised their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. 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 research report on Friday, May 2nd. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of "Moderate Buy" and an average 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.