Mitsubishi UFJ Asset Management Co. Ltd. Purchases 222,276 Shares of Aurora Innovation, Inc. $AUR

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Aurora by 48.9% in Q2, buying 222,276 shares to own 677,068 shares worth about $3.55 million.
• Other institutions also added shares—Vanguard now owns 115.4 million shares ($776.2M) and Sumitomo Mitsui Trust boosted its holding to 6.17 million shares—and institutional investors collectively own about 44.71% of the stock.
• Aurora has a market cap of $8.05 billion and a 52‑week range of $4.04–$10.77; it reported a slight EPS beat (-$0.11 vs. -$0.12) but revenue missed, and analysts' consensus is Hold with an average target of $10.44.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 48.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,068 shares of the company's stock after buying an additional 222,276 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Aurora Innovation were worth $3,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after acquiring an additional 2,392,995 shares during the last quarter. Durable Capital Partners LP raised its stake in shares of Aurora Innovation by 17.0% during the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock valued at $100,352,000 after acquiring an additional 2,165,114 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Aurora Innovation by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company's stock worth $58,654,000 after purchasing an additional 27,852 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Aurora Innovation by 54.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,170,556 shares of the company's stock worth $32,334,000 after purchasing an additional 2,173,549 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Aurora Innovation by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,829,681 shares of the company's stock worth $20,068,000 after purchasing an additional 137,861 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $4.16 on Friday. The firm has a market capitalization of $8.05 billion, a P/E ratio of -9.24 and a beta of 2.44. The stock has a 50 day moving average price of $5.29 and a 200-day moving average price of $5.80. Aurora Innovation, Inc. has a 52-week low of $4.04 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. On average, equities analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

AUR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Cowen reissued a "hold" rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Canaccord Genuity Group restated a "buy" rating and set a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, UBS Group reissued an "underperform" rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Aurora Innovation presently has a consensus rating of "Hold" and an average target price of $10.44.

Insider Activity at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.

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