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LPL Financial LLC Grows Stake in Aurora Innovation, Inc. $AUR

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LPL Financial LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 33.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,531 shares of the company's stock after purchasing an additional 96,538 shares during the period. LPL Financial LLC's holdings in Aurora Innovation were worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the first quarter worth about $32,000. Signaturefd LLC boosted its position in Aurora Innovation by 208.0% during 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 during the last quarter. GAMMA Investing LLC boosted its position in Aurora Innovation by 147.3% during 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 during the last quarter. Retirement Planning Group LLC acquired a new position in Aurora Innovation during the first quarter worth about $70,000. Finally, Bank of Montreal Can acquired a new position in Aurora Innovation during the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AUR. Needham & Company LLC boosted their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

View Our Latest Research Report on AUR

Aurora Innovation Trading Up 0.8%

Shares of AUR opened at $6.44 on Tuesday. The firm's fifty day simple moving average is $5.78 and its 200-day simple moving average is $6.49. Aurora Innovation, Inc. has a twelve month low of $3.40 and a twelve month high of $10.77. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of -13.70 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. On average, analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal 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 on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director directly owned 330,425 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe acquired 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the acquisition, the director owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.85% of the stock is currently owned by corporate insiders.

Aurora Innovation Company Profile

(Free Report)

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.

See Also

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).

Institutional Ownership by Quarter for Aurora Innovation (NASDAQ:AUR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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