Baillie Gifford & Co. Has $528.82 Million Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Key Points

• Baillie Gifford & Co. trimmed its stake in Aurora Innovation, reducing its holdings by 2.9% to approximately 78.6 million shares, valued at $528.8 million.
• Other institutional investors have shown varied moves, with Cetera Investment Advisers increasing its holdings by 263% while Universal Beteiligungs und Servicegesellschaft mbH acquired a new position valued at $677,000.
• Aurora Innovation had a quarterly earnings miss with a reported EPS of ($0.12), below the consensus estimate of ($0.11).

Baillie Gifford & Co. trimmed its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,635,013 shares of the company's stock after selling 2,369,615 shares during the period. Baillie Gifford & Co. owned 4.52% of Aurora Innovation worth $528,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Aurora Innovation during the first quarter worth about $32,000. Signaturefd LLC grew its position in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in Aurora Innovation in the 4th quarter valued at about $65,000. Finally, Bank of Montreal Can bought a new position in Aurora Innovation in the 4th quarter valued at about $66,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AUR shares. Needham & Company LLC increased their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Down 2.4%

AUR stock traded down $0.16 during mid-day trading on Monday, reaching $6.27. 5,553,267 shares of the stock traded hands, compared to its average volume of 18,969,627. Aurora Innovation, Inc. has a 52-week low of $3.25 and a 52-week high of $10.77. The company has a market cap of $11.08 billion, a P/E ratio of -13.03 and a beta of 2.48. The stock's fifty day moving average is $5.73 and its 200-day moving average is $6.56.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results 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). Equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred 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 transaction, the director owned 330,425 shares in the company, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.85% of the stock is currently owned by company insiders.

Aurora Innovation Company 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.