Jennison Associates LLC Buys Shares of 80,412 Aurora Innovation, Inc. (NASDAQ:AUR)

Jennison Associates LLC purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 80,412 shares of the company's stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Aurora Innovation during the 1st quarter worth approximately $32,000. Signaturefd LLC grew its stake in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $65,000. Finally, Retirement Planning Group LLC purchased a new stake in shares of Aurora Innovation during the first quarter worth $70,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Down 1.5%

AUR traded down $0.10 on Friday, reaching $6.42. The company had a trading volume of 9,846,691 shares, compared to its average volume of 24,308,052. Aurora Innovation, Inc. has a 1 year low of $3.25 and a 1 year high of $10.77. The stock has a market capitalization of $11.36 billion, a PE ratio of -13.38 and a beta of 2.48. The stock has a 50-day moving average price of $5.73 and a 200-day moving average price of $6.57.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AUR. Needham & Company LLC lifted their target price on 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 boosted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Finally, Canaccord Genuity Group upped their target price on shares of 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 issued a buy rating to the company. According to MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.85% of the company's stock.

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.