Aurora Innovation, Inc. (NASDAQ:AUR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,559,043 shares of the company's stock after selling 822,546 shares during the quarter. Wellington Management Group LLP owned approximately 0.09% of Aurora Innovation worth $9,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AUR. Twin Tree Management LP boosted its position in 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 in the last quarter. GPS Wealth Strategies Group LLC boosted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in Aurora Innovation in the fourth quarter worth about $65,000. Avantax Advisory Services Inc. acquired a new stake in Aurora Innovation in the fourth quarter worth about $65,000. Finally, Bank of Montreal Can acquired a new stake in Aurora Innovation in the fourth quarter worth about $66,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded up $0.04 during trading on Wednesday, reaching $5.81. The stock had a trading volume of 16,116,412 shares, compared to its average volume of 13,569,570. The business has a fifty day moving average price of $6.54 and a 200-day moving average price of $6.89. The stock has a market cap of $10.28 billion, a PE ratio of -12.36 and a beta of 2.76. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued 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). Sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AUR. The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Morgan Stanley initiated coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price objective for the company. Oppenheimer began coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective for the company. Finally, Needham & Company LLC lifted their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

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.