Polianta Ltd Buys Shares of 166,100 Aurora Innovation, Inc. (NASDAQ:AUR)

Polianta Ltd bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 166,100 shares of the company's stock, valued at approximately $1,117,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Uber Technologies Inc bought a new stake in shares of Aurora Innovation during the fourth quarter valued at approximately $2,053,632,000. Vanguard Group Inc. raised its stake in Aurora Innovation by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after acquiring an additional 2,687,191 shares in the last quarter. Toyota Motor Corp acquired a new position in Aurora Innovation during the 4th quarter worth $298,294,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $168,030,000 after purchasing an additional 3,237,609 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Aurora Innovation by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after purchasing an additional 577,704 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI upped their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Oppenheimer initiated coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley assumed coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 target price on the stock. Finally, TD Cowen began coverage on Aurora Innovation in a research note on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Four investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director now directly owns 330,425 shares of the company's stock, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.85% of the stock is currently owned by company insiders.

Aurora Innovation Stock Down 4.0%

Aurora Innovation stock traded down $0.23 during mid-day trading on Friday, hitting $5.46. The company's stock had a trading volume of 14,435,616 shares, compared to its average volume of 13,773,650. The stock has a market capitalization of $9.66 billion, a P/E ratio of -11.62 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. The stock's fifty day moving average price is $6.45 and its two-hundred day moving average price is $6.86.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). Equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share 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.