Permanent Capital Management LP grew its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 320.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,521,340 shares of the company's stock after acquiring an additional 1,921,140 shares during the quarter. Aurora Innovation comprises approximately 4.9% of Permanent Capital Management LP's holdings, making the stock its 8th largest holding. Permanent Capital Management LP owned 0.14% of Aurora Innovation worth $16,956,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of AUR. Breakwater Capital Group raised its position in shares of Aurora Innovation by 20.3% during the 1st quarter. Breakwater Capital Group now owns 77,582 shares of the company's stock valued at $522,000 after buying an additional 13,075 shares in the last quarter. Retirement Planning Group LLC bought a new stake in Aurora Innovation during the first quarter worth approximately $70,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Aurora Innovation during the first quarter valued at approximately $32,000. Clare Market Investments LLC lifted its stake in shares of Aurora Innovation by 5.8% in the 1st quarter. Clare Market Investments LLC now owns 690,558 shares of the company's stock valued at $4,644,000 after purchasing an additional 38,100 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Aurora Innovation by 1.8% in the 1st quarter. Rhumbline Advisers now owns 1,410,036 shares of the company's stock valued at $9,482,000 after purchasing an additional 24,584 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.
Aurora Innovation Stock Performance
Aurora Innovation stock opened at $5.65 on Friday. The company has a market capitalization of $9.99 billion, a PE ratio of -12.02 and a beta of 2.59. The company has a 50 day moving average price of $6.50 and a 200-day moving average price of $6.88. Aurora Innovation, Inc. has a fifty-two week low of $2.17 and a fifty-two week high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on AUR shares. Needham & Company LLC increased 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. The Goldman Sachs Group upped their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Oppenheimer started coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target on the stock. Finally, Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.
Read Our Latest Report on AUR
Aurora Innovation Company 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.
See Also
Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
