Kingsview Wealth Management LLC Buys 86,673 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Kingsview Wealth Management LLC boosted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 63.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,081 shares of the company's stock after purchasing an additional 86,673 shares during the period. Kingsview Wealth Management LLC's holdings in Aurora Innovation were worth $1,500,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC increased its stake in Aurora Innovation by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after buying an additional 1,717 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Aurora Innovation by 3.0% during the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after acquiring an additional 2,061 shares during the period. Corient Private Wealth LLC raised its holdings in Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after acquiring an additional 2,216 shares during the period. Summit Investment Advisors Inc. raised its holdings in Aurora Innovation by 3.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after acquiring an additional 3,360 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after acquiring an additional 3,527 shares during the period. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Performance

Shares of AUR traded down $0.15 during midday trading on Friday, hitting $6.26. 13,100,829 shares of the company traded hands, compared to its average volume of 14,989,338. The firm has a 50 day moving average of $5.81 and a 200-day moving average of $6.60. Aurora Innovation, Inc. has a 52 week low of $3.25 and a 52 week high of $10.77. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of -13.04 and a beta of 2.48.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AUR shares. The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Needham & Company LLC increased their price objective 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. Four equities research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Insiders Place Their Bets

In related news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.85% of the stock is owned by company insiders.

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.