California State Teachers Retirement System Raises Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

California State Teachers Retirement System raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 876,364 shares of the company's stock after purchasing an additional 135,266 shares during the quarter. California State Teachers Retirement System owned approximately 0.05% of Aurora Innovation worth $5,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in shares of Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after buying an additional 1,717 shares during the period. CIBC Asset Management Inc grew its position in shares of Aurora Innovation by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after buying an additional 1,723 shares during the period. Corient Private Wealth LLC grew 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 worth $135,000 after buying an additional 2,216 shares during the period. Twin Tree Management LP grew its position 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 worth $28,000 after buying an additional 3,047 shares during the period. Finally, Summit Investment Advisors Inc. grew its position 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 worth $619,000 after buying an additional 3,360 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Up 3.9%

Aurora Innovation stock traded up $0.22 during midday trading on Friday, reaching $5.87. The stock had a trading volume of 12,240,023 shares, compared to its average volume of 13,630,918. Aurora Innovation, Inc. has a 12 month low of $2.17 and a 12 month high of $10.77. The firm's 50-day moving average price is $6.48 and its 200 day moving average price is $6.88. The firm has a market capitalization of $10.38 billion, a PE 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Equities research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

AUR has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Canaccord Genuity Group increased their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Four investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Company 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.