ARK Investment Management LLC grew its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,461,686 shares of the company's stock after purchasing an additional 49,333 shares during the period. ARK Investment Management LLC owned about 0.14% of Aurora Innovation worth $16,555,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Uber Technologies Inc bought a new position in shares of Aurora Innovation in the fourth quarter valued at about $2,053,632,000. Vanguard Group Inc. raised its holdings in shares of Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after buying an additional 2,687,191 shares during the last quarter. Toyota Motor Corp bought a new stake in Aurora Innovation during the 4th quarter worth about $298,294,000. Price T Rowe Associates Inc. MD raised its holdings in Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after purchasing an additional 3,237,609 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Aurora Innovation by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after purchasing an additional 577,704 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Stock Performance
Shares of NASDAQ:AUR traded down $0.36 during midday trading on Tuesday, hitting $5.93. 11,216,209 shares of the stock were exchanged, compared to its average volume of 18,945,314. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of -12.28 and a beta of 2.48. The business's 50-day moving average price is $5.73 and its 200 day moving average price is $6.55. Aurora Innovation, Inc. has a 12 month low of $3.25 and a 12 month high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on AUR. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Canaccord Genuity Group upped their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC upped their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Four equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.
Read Our Latest Research Report on AUR
Insider Transactions at Aurora Innovation
In other news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.85% of the company's stock.
About Aurora Innovation
(
Free Report)
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.
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