Nuveen Asset Management LLC Lowers Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

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

Other large investors have also recently modified their holdings of the company. CoreCap Advisors LLC raised its stake in shares of Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after purchasing an additional 1,717 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after purchasing an additional 1,723 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after purchasing an additional 2,216 shares during the last quarter. Twin Tree Management LP raised its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of Aurora Innovation by 3.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock worth $619,000 after purchasing an additional 3,360 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price objective for the company. Needham & Company LLC increased their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Up 2.4%

AUR traded up $0.15 during midday trading on Thursday, reaching $6.26. The company had a trading volume of 6,013,388 shares, compared to its average volume of 13,341,661. The business has a 50-day moving average of $6.66 and a two-hundred day moving average of $6.86. The company has a market cap of $11.06 billion, a P/E ratio of -13.31 and a beta of 2.76. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77.

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 analysts' consensus estimates of ($0.11) by ($0.01). On average, equities research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

About Aurora Innovation

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.