Bank of America Corp DE Sells 89,973 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of America Corp DE reduced its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,682,106 shares of the company's stock after selling 89,973 shares during the period. Bank of America Corp DE owned about 0.21% of Aurora Innovation worth $23,197,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Twin Tree Management LP boosted its stake in Aurora Innovation by 217.2% during the 4th 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 period. GPS Wealth Strategies Group LLC boosted its stake in Aurora Innovation by 241.7% during the 4th 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 during the period. Grimes & Company Inc. bought a new stake in Aurora Innovation during the 4th quarter valued at approximately $63,000. Yousif Capital Management LLC bought a new stake in Aurora Innovation during the 4th quarter valued at approximately $65,000. Finally, Avantax Advisory Services Inc. bought a new stake in Aurora Innovation during the 4th quarter valued at approximately $65,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR traded down $0.03 during midday trading on Thursday, hitting $6.03. The stock had a trading volume of 24,145,849 shares, compared to its average volume of 13,275,203. The company has a 50 day simple moving average of $6.75 and a two-hundred day simple moving average of $6.85. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of -12.83 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 analysts' consensus estimates of ($0.11) by ($0.01). Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on AUR shares. 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 research note on Friday, May 9th. TD Cowen initiated coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Evercore ISI upped their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.