Nisa Investment Advisors LLC Cuts Stock Holdings in Aurora Innovation, Inc. $AUR

Key Points

• Nisa Investment Advisors LLC significantly reduced its stake in Aurora Innovation, Inc. by 84.2% in the second quarter, selling 80,925 shares and holding only 15,165 shares worth approximately $79,000.
• Multiple institutional investors have altered their positions in Aurora Innovation, with some, like Farther Finance Advisors LLC, increasing their holdings by over 463%.
• Aurora Innovation reported a quarterly earnings per share of ($0.11), slightly beating analysts' expectations, while projecting an average EPS of ($0.49) for the current year.

Nisa Investment Advisors LLC lowered its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 84.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,165 shares of the company's stock after selling 80,925 shares during the period. Nisa Investment Advisors LLC's holdings in Aurora Innovation were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC increased its holdings in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after buying an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC raised its position in Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock worth $40,000 after buying an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after acquiring an additional 2,085 shares during the period. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Aurora Innovation during the 2nd quarter valued at about $52,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Trading Down 0.7%

Aurora Innovation stock opened at $4.46 on Thursday. Aurora Innovation, Inc. has a 12-month low of $4.30 and a 12-month high of $10.77. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of -9.91 and a beta of 2.44. The firm has a 50 day moving average of $5.46 and a 200 day moving average of $5.88.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on AUR shares. TD Cowen lowered their price objective on shares of Aurora Innovation from $7.40 to $5.50 and set a "hold" rating on the stock in a research report on Thursday, October 30th. Oppenheimer reissued an "outperform" rating and set a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. UBS Group reiterated an "underperform" rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.44.

Insiders Place Their Bets

In related news, Director Brittany Bagley sold 50,000 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares of the company's stock, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation 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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