SB Investment Advisers UK Ltd. Has $150.70 Million Position in Aurora Innovation, Inc. $AUR

Key Points

• SB Investment Advisers UK Ltd. reduced its position in Aurora Innovation by 13.8%, making it the firm's 5th largest investment, now representing 1.4% of their portfolio.
• Aurora Innovation's Director John J. Donahoe purchased 162,337 shares recently, increasing his stake significantly, while another director sold 46,097 shares, indicating mixed insider activity.
• The company's stock has shown mixed analyst ratings with a current consensus of "Moderate Buy" and an average target price of $10.75, with several analysts boosting their target prices in recent reports.

SB Investment Advisers UK Ltd. reduced its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,409,482 shares of the company's stock after selling 3,587,644 shares during the period. Aurora Innovation comprises 1.4% of SB Investment Advisers UK Ltd.'s holdings, making the stock its 5th largest position. SB Investment Advisers UK Ltd. owned about 1.29% of Aurora Innovation worth $150,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AUR. Toyota Motor Corp acquired a new position in Aurora Innovation in the 4th quarter valued at $298,294,000. Lightspeed Management Company L.L.C. acquired a new position in Aurora Innovation in the 4th quarter valued at $74,003,000. Nuveen LLC acquired a new position in Aurora Innovation in the 1st quarter valued at $17,152,000. Vanguard Group Inc. raised its holdings in Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after acquiring an additional 2,392,995 shares in the last quarter. Finally, Permanent Capital Management LP raised its holdings in Aurora Innovation by 320.1% in the 1st quarter. Permanent Capital Management LP now owns 2,521,340 shares of the company's stock valued at $16,956,000 after acquiring an additional 1,921,140 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Trading Down 0.6%

NASDAQ AUR traded down $0.04 during mid-day trading on Tuesday, hitting $5.60. The company's stock had a trading volume of 7,088,987 shares, compared to its average volume of 19,410,672. The company's 50 day simple moving average is $5.84 and its 200 day simple moving average is $6.37. Aurora Innovation, Inc. has a twelve month low of $3.81 and a twelve month high of $10.77. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of -11.93 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Needham & Company LLC boosted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction 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 completion of the transaction, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John J. Donahoe acquired 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the acquisition, the director directly owned 162,337 shares in the company, valued at $990,255.70. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.85% of the company's stock.

Aurora Innovation 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.