ARK Investment Management LLC Has $25.57 Million Position in Aurora Innovation, Inc. $AUR

Key Points

• ARK Investment Management increased its stake in Aurora by 73.6% in Q3, buying 2,011,015 shares to hold 4,743,215 shares worth about $25.57 million (≈0.25% ownership).
• Analyst sentiment is mixed with a consensus rating of Hold and an average price target of $10.34 (4 Buy, 2 Hold, 2 Sell).
• Aurora reported a quarterly EPS loss of $0.12 that met estimates while revenue of $1.0M missed forecasts; the stock trades near $4.49 with a 52‑week range of $3.60–$8.25 and a market cap of $8.75 billion.

ARK Investment Management LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 73.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,743,215 shares of the company's stock after purchasing an additional 2,011,015 shares during the quarter. ARK Investment Management LLC owned 0.25% of Aurora Innovation worth $25,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Aurora Innovation by 6.3% in the third quarter. Victory Capital Management Inc. now owns 124,200 shares of the company's stock valued at $669,000 after buying an additional 7,385 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Aurora Innovation by 12.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 287,000 shares of the company's stock valued at $1,547,000 after acquiring an additional 32,600 shares in the last quarter. Xponance Inc. grew its position in Aurora Innovation by 9.2% during the 3rd quarter. Xponance Inc. now owns 53,169 shares of the company's stock worth $287,000 after acquiring an additional 4,470 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in Aurora Innovation in the 3rd quarter worth about $54,000. Finally, DNB Asset Management AS raised its position in Aurora Innovation by 101.5% in the third quarter. DNB Asset Management AS now owns 537,575 shares of the company's stock valued at $2,898,000 after purchasing an additional 270,745 shares during the last quarter. Institutional investors own 44.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AUR shares. Cantor Fitzgerald restated an "overweight" rating on shares of Aurora Innovation in a report on Monday, February 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a report on Wednesday, January 21st. TD Cowen dropped their price target on shares of Aurora Innovation from $5.50 to $4.70 and set a "hold" rating for the company in a research note on Friday, February 13th. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group decreased their price objective on Aurora Innovation from $6.00 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Aurora Innovation currently has an average rating of "Hold" and a consensus price target of $10.34.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $4.49 on Thursday. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.25. The firm's fifty day moving average is $4.43 and its 200-day moving average is $4.82. The firm has a market cap of $8.75 billion, a P/E ratio of -9.98 and a beta of 2.45.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.47 million. As a group, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Aurora Innovation Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company's core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.

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