ProShare Advisors LLC Purchases 93,401 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

ProShare Advisors LLC increased its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,384 shares of the company's stock after purchasing an additional 93,401 shares during the quarter. ProShare Advisors LLC's holdings in Aurora Innovation were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC lifted its holdings in Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after acquiring an additional 1,717 shares during the period. CIBC Asset Management Inc lifted its holdings in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock valued at $224,000 after acquiring an additional 1,723 shares during the period. Corient Private Wealth LLC lifted its holdings in Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after acquiring an additional 2,216 shares during the period. Twin Tree Management LP lifted its holdings in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in Aurora Innovation by 3.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after acquiring an additional 3,360 shares during the period. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded down $0.09 during trading on Friday, hitting $5.94. 14,305,939 shares of the company's stock were exchanged, compared to its average volume of 13,320,768. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The business's 50-day simple moving average is $6.73 and its 200 day simple moving average is $6.87. The company has a market cap of $10.34 billion, a price-to-earnings ratio of -12.64 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Needham & Company LLC increased their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Evercore ISI upped their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group upped 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average 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.