Cetera Investment Advisers Grows Stock Holdings in Aurora Innovation, Inc. $AUR

Key Points

• Cetera Investment Advisers increased its stake in Aurora Innovation, Inc. by 263.0% in Q1 2023, owning 67,484 shares valued at approximately $454,000.
• Insider activity included Director Gloria R. Boyland selling 46,097 shares, while Director John J. Donahoe purchased 162,337 shares, indicating varied investment sentiments from leadership.
• Analysts have expressed a positive outlook for Aurora Innovation, with Needham & Company raising their price target from $10.00 to $13.00 and describing the stock as a "buy."

Cetera Investment Advisers increased its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 263.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,484 shares of the company's stock after acquiring an additional 48,895 shares during the period. Cetera Investment Advisers' holdings in Aurora Innovation were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AUR. Wells Fargo & Company MN grew its position in Aurora Innovation by 38.8% during the 4th quarter. Wells Fargo & Company MN now owns 561,721 shares of the company's stock worth $3,539,000 after purchasing an additional 157,012 shares during the period. Bank of Montreal Can acquired a new stake in Aurora Innovation during the 4th quarter worth about $66,000. Legal & General Group Plc grew its position in Aurora Innovation by 34.9% during the 4th quarter. Legal & General Group Plc now owns 995,550 shares of the company's stock worth $6,272,000 after purchasing an additional 257,489 shares during the period. Raymond James Financial Inc. acquired a new stake in Aurora Innovation during the 4th quarter worth about $702,000. Finally, Sterling Capital Management LLC grew its position in Aurora Innovation by 644.3% during the 4th quarter. Sterling Capital Management LLC now owns 14,714 shares of the company's stock worth $93,000 after purchasing an additional 12,737 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 1.4%

Shares of NASDAQ:AUR traded up $0.08 during trading on Thursday, reaching $5.85. 18,570,480 shares of the company's stock traded hands, compared to its average volume of 22,899,422. Aurora Innovation, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $10.77. The firm has a market cap of $10.80 billion, a PE ratio of -12.45 and a beta of 2.49. The company has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $6.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.50 million. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity

In other news, Director John J. Donahoe acquired 162,337 shares of the 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 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 this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation 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 completion of the sale, the director owned 330,425 shares in the company, valued at approximately $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.85% of the company's stock.

Wall Street Analyst Weigh In

AUR has been the topic of several analyst reports. Needham & Company LLC increased 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. Canaccord Genuity Group increased 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, The Goldman Sachs Group increased their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

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.