IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 451,315 Shares of Aurora Innovation, Inc. $AUR

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Aurora by 230.5% in Q3, adding 451,315 shares to hold 647,096 shares valued at about $3.49 million.
• Aurora CEO Christopher Urmson bought 258,000 shares on November 25 at an average price of $3.88 (≈$1.00 million), leaving insiders with roughly 11.85% ownership.
• Analyst opinions are mixed—five Buys, three Holds and two Sells—resulting in a consensus Hold rating and an average price target of $10.06, with individual targets ranging from $4 to $15.

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 230.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 647,096 shares of the company's stock after acquiring an additional 451,315 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Aurora Innovation were worth $3,488,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Aurora Innovation by 35.7% during the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company's stock worth $1,530,000 after buying an additional 59,801 shares during the period. AQR Capital Management LLC lifted its stake in shares of Aurora Innovation by 9.4% in the first quarter. AQR Capital Management LLC now owns 166,257 shares of the company's stock worth $1,118,000 after acquiring an additional 14,220 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Aurora Innovation by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock valued at $13,764,000 after purchasing an additional 127,953 shares during the period. Janney Montgomery Scott LLC raised its holdings in Aurora Innovation by 72.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 49,710 shares of the company's stock worth $260,000 after purchasing an additional 20,900 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Aurora Innovation in the 2nd quarter worth approximately $80,000. 44.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Christopher Urmson purchased 258,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average price of $3.88 per share, for a total transaction of $1,001,040.00. Following the completion of the transaction, the chief executive officer owned 258,000 shares in the company, valued at $1,001,040. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Canaccord Genuity Group reiterated a "buy" rating and issued a $15.00 price objective on shares of Aurora Innovation in a research note on Wednesday, October 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Aurora Innovation in a report on Wednesday, January 21st. The Goldman Sachs Group cut their price objective on shares of Aurora Innovation from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 26th. Finally, UBS Group reaffirmed an "underperform" rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.06.

Aurora Innovation Stock Down 9.4%

Shares of Aurora Innovation stock opened at $3.78 on Friday. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $10.77. The business has a 50 day moving average price of $4.32 and a 200-day moving average price of $5.04. The company has a market cap of $7.32 billion, a PE ratio of -8.40 and a beta of 2.47.

About Aurora Innovation

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.

Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.