Wellington Management Group LLP lowered its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,559,043 shares of the company's stock after selling 822,546 shares during the period. Wellington Management Group LLP owned about 0.09% of Aurora Innovation worth $9,822,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC increased its position in shares of Aurora Innovation by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after purchasing an additional 1,717 shares in the last quarter. CIBC Asset Management Inc increased its position in Aurora Innovation by 5.1% in the 4th 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 increased its position in Aurora Innovation by 11.5% in the 4th 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 increased its position in Aurora Innovation by 217.2% in the 4th 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. increased its position in 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 acquiring an additional 3,360 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.
Analyst Upgrades and Downgrades
AUR has been the topic of several recent research reports. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target on the stock. Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target on the stock. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.
View Our Latest Stock Report on Aurora Innovation
Aurora Innovation Stock Performance
AUR traded up $0.22 during trading on Friday, reaching $5.87. The company's stock had a trading volume of 12,240,023 shares, compared to its average volume of 13,630,918. Aurora Innovation, Inc. has a 52-week low of $2.17 and a 52-week high of $10.77. The company's fifty day moving average price is $6.48 and its 200-day moving average price is $6.88. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of -12.49 and a beta of 2.59.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Equities analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
About Aurora Innovation
(
Free Report)
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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