Baillie Gifford & Co. Sells 969,424 Shares of Aurora Innovation, Inc. $AUR

Key Points

• Baillie Gifford sold 969,424 shares of Aurora (a 1.3% trim), leaving it with 74,584,590 shares — about 3.85% of the company valued at roughly $286.4 million per its SEC filing.
• Analyst coverage is mixed: four Buy, two Hold and two Sell ratings produce an average rating of "Hold" and an average price target of $10.34, with recent notable actions including TD Cowen cutting its target to $4.70 and Needham keeping a $13 buy target.
• Aurora reported quarterly EPS of ($0.12) matching estimates but revenue of $1.0M missed the $1.47M consensus, and the stock trades around $4.15 with a market cap near $8.09 billion while analysts forecast FY EPS of -0.49.

Baillie Gifford & Co. trimmed its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,584,590 shares of the company's stock after selling 969,424 shares during the period. Baillie Gifford & Co. owned about 3.85% of Aurora Innovation worth $286,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Ascent Wealth Partners LLC lifted its stake in shares of Aurora Innovation by 21.4% in the third quarter. Ascent Wealth Partners LLC now owns 12,962 shares of the company's stock valued at $70,000 after buying an additional 2,283 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Aurora Innovation by 20.1% during the second quarter. Cerity Partners LLC now owns 14,686 shares of the company's stock valued at $77,000 after purchasing an additional 2,458 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company's stock valued at $172,000 after purchasing an additional 2,774 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Aurora Innovation by 21.5% during the third quarter. National Bank of Canada FI now owns 15,808 shares of the company's stock valued at $85,000 after purchasing an additional 2,797 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 6.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 47,435 shares of the company's stock valued at $256,000 after purchasing an additional 2,895 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Aurora Innovation in a research report on Monday, February 9th. TD Cowen dropped their price target on shares of Aurora Innovation from $5.50 to $4.70 and set a "hold" rating on the stock in a research report on Friday, February 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.34.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $4.15 on Monday. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.25. The company has a 50-day simple moving average of $4.35 and a 200 day simple moving average of $4.50. The company has a market capitalization of $8.09 billion, a PE ratio of -9.22 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.12). The company had revenue of $1.00 million for the quarter, compared to analysts' expectations of $1.47 million. As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Aurora Innovation Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company's core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.

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