Intech Investment Management LLC Has $4.17 Million Stake in Aurora Innovation, Inc. $AUR

Key Points

• Intech Investment Management LLC increased its stake in Aurora Innovation, Inc. by 41.7%, owning 620,181 shares valued at approximately $4.17 million as of the latest filing.
• Aurora Innovation reported a quarterly loss of $0.11 EPS, slightly beating analyst expectations of a loss of $0.12 EPS, with revenues reaching $1.00 million.
• Aurora's stock price opened at $5.67, having a 12-month range of $4.65 to $10.77 and currently being listed with a market cap of $10.46 billion.

Intech Investment Management LLC lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 620,181 shares of the company's stock after acquiring an additional 182,573 shares during the period. Intech Investment Management LLC's holdings in Aurora Innovation were worth $4,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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. Toyota Motor Corp bought a new position in Aurora Innovation in the 4th quarter worth approximately $298,294,000. Durable Capital Partners LP increased its position in Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock worth $100,352,000 after buying an additional 2,165,114 shares during the period. Charles Schwab Investment Management Inc. increased its position in Aurora Innovation by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock worth $58,654,000 after buying an additional 27,852 shares during the period. Finally, Nuveen LLC bought a new position in Aurora Innovation in the 1st quarter worth approximately $17,152,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Up 3.0%

NASDAQ AUR traded up $0.18 during trading on Thursday, hitting $6.07. The company's stock had a trading volume of 5,229,614 shares, compared to its average volume of 19,300,326. The firm has a 50 day moving average price of $5.96 and a 200 day moving average price of $6.20. The firm has a market cap of $11.19 billion, a P/E ratio of -12.93 and a beta of 2.48. Aurora Innovation, Inc. has a 52 week low of $4.75 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In other news, Director John J. Donahoe acquired 162,337 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the acquisition, the director owned 162,337 shares of the company's stock, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.85% of the company's stock.

About Aurora Innovation

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.