Aurora Innovation, Inc. (NASDAQ:AUR) Shares Sold by Baillie Gifford & Co.

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. lessened its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,635,013 shares of the company's stock after selling 2,369,615 shares during the quarter. Baillie Gifford & Co. owned approximately 4.52% of Aurora Innovation worth $528,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AUR. Uber Technologies Inc acquired a new stake in Aurora Innovation during the fourth quarter valued at $2,053,632,000. Toyota Motor Corp purchased a new position in Aurora Innovation during the fourth quarter valued at $298,294,000. Lightspeed Management Company L.L.C. purchased a new position in Aurora Innovation during the fourth quarter valued at $74,003,000. Norges Bank purchased a new position in Aurora Innovation during the fourth quarter valued at $45,772,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after purchasing an additional 3,237,609 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded down $0.10 during midday trading on Friday, hitting $6.42. The company's stock had a trading volume of 9,846,691 shares, compared to its average volume of 24,308,052. The business's 50 day simple moving average is $5.73 and its 200 day simple moving average is $6.58. The company has a market cap of $11.36 billion, a P/E ratio of -13.38 and a beta of 2.48. Aurora Innovation, Inc. has a 12-month low of $3.25 and a 12-month high of $10.77.

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 for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.85% of the stock is owned by company insiders.

Analyst Ratings Changes

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