Clare Market Investments LLC Boosts Stock Holdings in Aurora Innovation, Inc. $AUR

Key Points

• Clare Market Investments LLC raised its position in Aurora Innovation, Inc. by 17.8%, owning a total of 813,133 shares valued at approximately $4.26 million, making it the firm's 22nd largest holding.
• Several institutional investors, including Vanguard Group and Durable Capital Partners, also increased their stakes in Aurora Innovation, leading to 44.71% of the company's stock now held by institutional and hedge funds.
• Aurora Innovation reported quarterly earnings surpassing analyst estimates, with earnings per share at ($0.11) and a revenue of $1 million, compared to expectations of $0.50 million.

Clare Market Investments LLC boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 17.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 813,133 shares of the company's stock after acquiring an additional 122,575 shares during the period. Aurora Innovation accounts for about 0.9% of Clare Market Investments LLC's portfolio, making the stock its 22nd largest holding. Clare Market Investments LLC's holdings in Aurora Innovation were worth $4,261,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Aurora Innovation by 2.1% in the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after acquiring an additional 2,392,995 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Aurora Innovation by 17.0% in the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock valued at $100,352,000 after acquiring an additional 2,165,114 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Aurora Innovation by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock valued at $58,654,000 after acquiring an additional 27,852 shares during the last quarter. Nuveen LLC acquired a new position in Aurora Innovation in the first quarter valued at approximately $17,152,000. Finally, Permanent Capital Management LP lifted its holdings in Aurora Innovation by 320.1% in the first quarter. Permanent Capital Management LP now owns 2,521,340 shares of the company's stock valued at $16,956,000 after acquiring an additional 1,921,140 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 5.1%

NASDAQ AUR traded up $0.31 on Tuesday, reaching $6.29. The stock had a trading volume of 7,061,132 shares, compared to its average volume of 19,301,662. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of -13.31 and a beta of 2.48. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The stock has a fifty day moving average price of $5.99 and a two-hundred day moving average price of $6.17.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. Sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at Aurora Innovation

In other news, Director John J. Donahoe bought 162,337 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.85% of the stock is currently owned by insiders.

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.