ARK Investment Management LLC lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461,686 shares of the company's stock after acquiring an additional 49,333 shares during the period. ARK Investment Management LLC owned approximately 0.14% of Aurora Innovation worth $16,555,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CoreCap Advisors LLC raised 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 buying an additional 1,717 shares in the last quarter. United Bank raised its position in Aurora Innovation by 17.0% during the first quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after purchasing an additional 1,900 shares in the last quarter. Principal Financial Group Inc. raised its position in Aurora Innovation by 3.0% during the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after purchasing an additional 2,061 shares in the last quarter. Corient Private Wealth LLC raised its position in Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Aurora Innovation by 3.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after purchasing an additional 3,360 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.
Aurora Innovation Trading Down 1.5%
Shares of NASDAQ:AUR opened at $6.42 on Friday. The stock's 50-day moving average price is $5.73 and its 200-day moving average price is $6.58. Aurora Innovation, Inc. has a 12-month low of $3.25 and a 12-month high of $10.77. The stock has a market capitalization of $11.36 billion, a P/E ratio of -13.38 and a beta of 2.48.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
Wall Street Analysts Forecast Growth
AUR has been the topic of a number of research reports. Needham & Company LLC raised 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. The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.75.
Get Our Latest Report on AUR
Insider Activity
In related news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.85% of the stock is owned by insiders.
Aurora Innovation Company Profile
(
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.
Further Reading
Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
