Cookson Peirce & Co. Inc. Lowers Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in Aurora Innovation by 15%, owning 340,000 shares worth approximately $2.29 million after selling 60,000 shares.
• Major investors such as Uber Technologies Inc. and Toyota Motor Corp. have acquired significant stakes in Aurora Innovation, indicating strong institutional interest.
• Analysts have increased their price targets for Aurora Innovation, with Needham & Company and Canaccord Genuity setting targets of $13.00 and $15.00, respectively, reflecting a generally positive outlook on the stock.

Cookson Peirce & Co. Inc. reduced its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,000 shares of the company's stock after selling 60,000 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Aurora Innovation were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Aurora Innovation by 223.4% during the 4th quarter. LPL Financial LLC now owns 284,993 shares of the company's stock valued at $1,795,000 after buying an additional 196,870 shares in the last quarter. Franklin Resources Inc. grew its holdings in Aurora Innovation by 194.5% during the 4th quarter. Franklin Resources Inc. now owns 36,378 shares of the company's stock valued at $229,000 after buying an additional 24,024 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Aurora Innovation by 38.8% during the 4th quarter. Wells Fargo & Company MN now owns 561,721 shares of the company's stock valued at $3,539,000 after buying an additional 157,012 shares in the last quarter. Bank of Montreal Can purchased a new position in Aurora Innovation during the 4th quarter valued at approximately $66,000. Finally, Legal & General Group Plc grew its holdings in Aurora Innovation by 34.9% during the 4th quarter. Legal & General Group Plc now owns 995,550 shares of the company's stock valued at $6,272,000 after buying an additional 257,489 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Donahoe bought 162,337 shares of Aurora Innovation stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the acquisition, the director directly owned 162,337 shares of the company's stock, valued at approximately $990,255.70. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation Stock Performance

AUR stock traded down $0.17 on Friday, hitting $6.39. 18,862,863 shares of the company's stock were exchanged, compared to its average volume of 20,365,012. Aurora Innovation, Inc. has a 12-month low of $3.40 and a 12-month high of $10.77. The firm has a 50 day moving average price of $5.77 and a two-hundred day moving average price of $6.50. The stock has a market cap of $11.79 billion, a P/E ratio of -13.60 and a beta of 2.49.

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

Wall Street Analysts Forecast Growth

AUR has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC raised their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.