Amundi Acquires 86,985 Shares of Aurora Innovation, Inc. $AUR

Key Points

• Amundi has increased its holdings in Aurora Innovation, Inc. by 5% in the first quarter, now owning approximately $11.47 million worth of stock after acquiring 86,985 additional shares.
• Director John J. Donahoe purchased 162,337 shares of Aurora at an average cost of $6.10 per share, significantly boosting his ownership in the company.
• Aurora Innovation's stock is currently trading around $5.70 with a reported quarterly revenue of $1.00 million, outperforming estimates.

Amundi raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,828,217 shares of the company's stock after purchasing an additional 86,985 shares during the quarter. Amundi owned 0.11% of Aurora Innovation worth $11,472,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after purchasing an additional 2,392,995 shares in the last quarter. Toyota Motor Corp purchased a new position in Aurora Innovation during the fourth quarter valued at approximately $298,294,000. Durable Capital Partners LP lifted its holdings in Aurora Innovation by 17.0% during the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock valued at $100,352,000 after purchasing an additional 2,165,114 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Aurora Innovation by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock valued at $58,654,000 after purchasing an additional 27,852 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Aurora Innovation during the first quarter valued at approximately $17,152,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Up 1.8%

NASDAQ:AUR traded up $0.10 during trading hours on Friday, hitting $5.67. 10,967,278 shares of the stock traded hands, compared to its average volume of 19,139,710. Aurora Innovation, Inc. has a 1 year low of $4.65 and a 1 year high of $10.77. The company has a market cap of $10.46 billion, a price-to-earnings ratio of -12.06 and a beta of 2.48. The stock has a 50 day moving average price of $5.91 and a 200 day moving average price of $6.23.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. Equities analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at approximately $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 available through the SEC website. 11.85% of the stock is currently owned by 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.