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Nuveen LLC Takes Position in Aurora Innovation, Inc. $AUR

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Key Points

  • Nuveen LLC acquired a new stake of approximately 2.55 million shares in Aurora Innovation, Inc. valued at about $17.15 million, representing around 0.15% of the company's stock.
  • Director John J. Donahoe purchased 162,337 shares of Aurora Innovation at a total cost of around $990,256, while Director Gloria R. Boyland sold 46,097 shares, decreasing her ownership by 12.24%.
  • Aurora Innovation's stock has experienced price target increases from multiple analysts, with Canaccord Genuity raising their target to $15.00 and maintaining a "buy" rating.
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Nuveen LLC bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,550,471 shares of the company's stock, valued at approximately $17,152,000. Nuveen LLC owned about 0.15% of Aurora Innovation at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AUR. Wells Fargo & Company MN grew its stake in shares of Aurora Innovation by 38.8% in the 4th quarter. Wells Fargo & Company MN now owns 561,721 shares of the company's stock valued at $3,539,000 after purchasing an additional 157,012 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Aurora Innovation in the 4th quarter valued at approximately $66,000. Raymond James Financial Inc. acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $702,000. Sterling Capital Management LLC lifted its holdings in shares of Aurora Innovation by 644.3% in the 4th quarter. Sterling Capital Management LLC now owns 14,714 shares of the company's stock valued at $93,000 after buying an additional 12,737 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Aurora Innovation by 116.2% in the 4th quarter. Mariner LLC now owns 86,235 shares of the company's stock valued at $543,000 after buying an additional 46,346 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

AUR stock traded up $0.17 during midday trading on Friday, hitting $6.02. 18,904,438 shares of the stock were exchanged, compared to its average volume of 22,933,588. The stock's 50-day moving average price is $5.80 and its 200-day moving average price is $6.47. 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 fifty-two week low of $3.61 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.50 million. Research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent analyst reports. Needham & Company LLC raised their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group raised their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Check Out Our Latest Research Report on Aurora Innovation

Insider Buying and Selling at Aurora Innovation

In related news, Director John J. Donahoe purchased 162,337 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.85% of the company's stock.

Aurora Innovation Profile

(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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Institutional Ownership by Quarter for Aurora Innovation (NASDAQ:AUR)

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