Nuveen Asset Management LLC Sells 121,364 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Nuveen Asset Management LLC lessened its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,590,185 shares of the company's stock after selling 121,364 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of Aurora Innovation worth $16,318,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AUR. Barclays PLC increased its holdings in Aurora Innovation by 431.9% in the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after purchasing an additional 1,388,307 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Aurora Innovation by 441.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company's stock valued at $686,000 after purchasing an additional 88,821 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Aurora Innovation in the fourth quarter worth about $95,000. Cornerstone Wealth Management LLC increased its holdings in shares of Aurora Innovation by 64.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company's stock worth $461,000 after acquiring an additional 28,770 shares in the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of Aurora Innovation in the fourth quarter worth about $63,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Canaccord Genuity Group increased their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Evercore ISI increased their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC increased their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Performance

NASDAQ AUR traded up $0.21 during trading hours on Tuesday, hitting $6.15. 22,678,463 shares of the company traded hands, compared to its average volume of 13,358,236. The business's 50-day moving average is $6.70 and its 200-day moving average is $6.87. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of -13.09 and a beta of 2.76.

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

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.