Aurora Innovation, Inc. (NASDAQ:AUR) Shares Bought by Permanent Capital Management LP

Permanent Capital Management LP raised its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 320.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,521,340 shares of the company's stock after purchasing an additional 1,921,140 shares during the quarter. Aurora Innovation accounts for approximately 4.9% of Permanent Capital Management LP's portfolio, making the stock its 8th largest position. Permanent Capital Management LP owned about 0.14% of Aurora Innovation worth $16,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AUR. Uber Technologies Inc purchased a new stake in Aurora Innovation in the fourth quarter valued at approximately $2,053,632,000. Toyota Motor Corp purchased a new stake in Aurora Innovation in the fourth quarter valued at approximately $298,294,000. Lightspeed Management Company L.L.C. purchased a new stake in Aurora Innovation in the fourth quarter valued at approximately $74,003,000. Norges Bank purchased a new stake in Aurora Innovation in the fourth quarter valued at approximately $45,772,000. Finally, Price T Rowe Associates Inc. MD raised its position in Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after purchasing an additional 3,237,609 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Trading Up 0.2%

Shares of AUR stock traded up $0.01 on Monday, reaching $5.88. 21,510,617 shares of the stock were exchanged, compared to its average volume of 13,642,516. The business's 50 day moving average price is $6.46 and its 200 day moving average price is $6.89. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of -12.51 and a beta of 2.59. Aurora Innovation, Inc. has a twelve month low of $2.17 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its 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). Equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director now owns 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.85% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AUR shares. Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Needham & Company LLC upped their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Morgan Stanley started coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective on the stock. Finally, The Goldman Sachs Group upped their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

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.