Kingsview Wealth Management LLC Boosts Position in Aurora Innovation, Inc. (NASDAQ:AUR)

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

A number of other hedge funds also recently made changes to their positions in the stock. Toyota Motor Corp bought a new position in shares of Aurora Innovation during the 4th quarter valued at $298,294,000. Uber Technologies Inc purchased a new stake in Aurora Innovation during the fourth quarter valued at about $2,053,632,000. Cornerstone Wealth Management LLC grew its stake in shares of Aurora Innovation by 153.3% during the first quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock valued at $1,247,000 after buying an additional 112,237 shares during the last quarter. Lightspeed Management Company L.L.C. purchased a new position in shares of Aurora Innovation in the fourth quarter worth about $74,003,000. Finally, Vanguard Group Inc. lifted its stake in shares of Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after acquiring an additional 2,687,191 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

NASDAQ AUR traded up $0.12 during midday trading on Wednesday, hitting $6.29. 5,098,357 shares of the company traded hands, compared to its average volume of 14,990,034. Aurora Innovation, Inc. has a 52 week low of $3.25 and a 52 week high of $10.77. The company's 50-day simple moving average is $5.78 and its 200-day simple moving average is $6.60. The company has a market cap of $11.12 billion, a PE ratio of -13.05 and a beta of 2.48.

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

Insider Buying and Selling 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 transaction, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.85% of the company's stock.

Analyst Ratings Changes

AUR has been the topic of several research reports. Canaccord Genuity Group lifted their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC lifted their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Oppenheimer started coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Aurora Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

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.