California State Teachers Retirement System Purchases 135,266 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

California State Teachers Retirement System boosted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 876,364 shares of the company's stock after buying an additional 135,266 shares during the period. California State Teachers Retirement System owned approximately 0.05% of Aurora Innovation worth $5,521,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Uber Technologies Inc acquired a new position in shares of Aurora Innovation during the 4th quarter worth $2,053,632,000. Vanguard Group Inc. grew its position in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after acquiring an additional 2,687,191 shares during the last quarter. Toyota Motor Corp acquired a new position in Aurora Innovation during the fourth quarter worth about $298,294,000. Price T Rowe Associates Inc. MD raised its stake in Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after acquiring an additional 3,237,609 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after acquiring an additional 577,704 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Up 0.7%

NASDAQ AUR traded up $0.04 on Wednesday, hitting $5.81. The company's stock had a trading volume of 16,116,412 shares, compared to its average volume of 13,569,567. The company's 50-day moving average is $6.54 and its 200 day moving average is $6.89. The firm has a market cap of $10.28 billion, a PE ratio of -12.36 and a beta of 2.76. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted 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). On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group raised their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price on the stock. Evercore ISI increased their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group raised their price objective on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Aurora Innovation currently has an average 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.