Bank of America Corp DE Lowers Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of America Corp DE lowered 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 Form 13F filing with the SEC. The firm owned 3,682,106 shares of the company's stock after selling 89,973 shares during the quarter. Bank of America Corp DE owned about 0.21% of Aurora Innovation worth $23,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc increased its stake 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 last quarter. Corient Private Wealth LLC increased its position in shares of Aurora Innovation by 11.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after purchasing an additional 2,216 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of 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 buying an additional 3,047 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Aurora Innovation by 3.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after buying an additional 3,360 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Aurora Innovation by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company's stock worth $859,000 after buying an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Down 0.5%

Shares of NASDAQ:AUR traded down $0.03 on Tuesday, hitting $6.25. 24,827,653 shares of the company traded hands, compared to its average volume of 13,181,547. The company has a market cap of $10.88 billion, a PE ratio of -13.30 and a beta of 2.76. The stock has a 50 day simple moving average of $6.79 and a 200-day simple moving average of $6.85. 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) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer initiated coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Needham & Company LLC lifted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. Four 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 a consensus rating of "Moderate Buy" and an average 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.