Aurora Innovation, Inc. (NASDAQ:AUR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 52.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

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

Aurora Innovation Stock Performance

Shares of AUR opened at $6.06 on Thursday. The company has a market capitalization of $10.55 billion, a PE ratio of -12.89 and a beta of 2.76. The company's 50 day moving average price is $6.77 and its 200 day moving average price is $6.84. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week 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) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, equities analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Aurora Innovation 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.

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