LPL Financial LLC grew its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 33.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 381,531 shares of the company's stock after buying an additional 96,538 shares during the quarter. LPL Financial LLC's holdings in Aurora Innovation were worth $2,566,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Aurora Innovation in the 1st quarter valued at about $32,000. Signaturefd LLC lifted its stake in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Aurora Innovation by 147.3% in the 1st 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 last quarter. Retirement Planning Group LLC bought a new stake in shares of Aurora Innovation in the 1st quarter valued at about $70,000. Finally, Bank of Montreal Can bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $66,000. 44.71% of the stock is owned by institutional investors.
Insider Transactions at Aurora Innovation
In related news, Director John J. Donahoe purchased 162,337 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the purchase, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares of the company's stock, valued at approximately $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on AUR. The Goldman Sachs Group boosted their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC increased their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.
Read Our Latest Analysis on AUR
Aurora Innovation Stock Performance
Shares of NASDAQ AUR traded up $0.17 during trading hours on Friday, hitting $6.02. The company's stock had a trading volume of 18,904,438 shares, compared to its average volume of 22,933,588. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of -12.81 and a beta of 2.49. Aurora Innovation, Inc. has a 12 month low of $3.61 and a 12 month high of $10.77. The business has a 50-day simple moving average of $5.80 and a 200-day simple moving average of $6.47.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.
About Aurora Innovation
(
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.
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