State Street Corp Has $156.33 Million Holdings in Aurora Innovation, Inc. $AUR

Key Points

• State Street increased its Aurora Innovation stake by 6% in the second quarter, bringing its holdings to 22.9 million shares valued at approximately $156.3 million. Institutional investors collectively own 44.71% of Aurora.
• Aurora reported a quarterly loss of $0.14 per share, missing estimates by $0.02, while revenue reached $2.0 million—up 100% year over year. The stock opened at $6.32, with a market capitalization of about $12.67 billion.
• Analyst sentiment remains mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $12.67. Meanwhile, insiders sold 6.39 million shares worth approximately $44.8 million during the last quarter.

State Street Corp grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,922,729 shares of the company's stock after buying an additional 1,293,487 shares during the period. State Street Corp owned approximately 1.14% of Aurora Innovation worth $156,333,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in Aurora Innovation by 964.9% in the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company's stock valued at $55,000 after purchasing an additional 7,266 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Aurora Innovation by 79.7% during the 2nd quarter. GAMMA Investing LLC now owns 8,501 shares of the company's stock worth $58,000 after purchasing an additional 3,770 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at about $39,000. Triad Wealth Partners LLC bought a new stake in Aurora Innovation in the 1st quarter valued at about $43,000. Finally, Capula Management Ltd bought a new stake in Aurora Innovation in the 1st quarter valued at about $43,000. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.32 on Thursday. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56. The firm has a 50-day moving average price of $6.33 and a two-hundred day moving average price of $5.97. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of -13.45 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The business had revenue of $2.00 million for the quarter, compared to analysts' expectations of $1.66 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The business's revenue was up 100.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aurora Innovation in a report on Friday, July 17th. Wall Street Zen downgraded Aurora Innovation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Aurora Innovation in a research report on Monday. Evercore reissued an "outperform" rating on shares of Aurora Innovation in a research report on Tuesday, September 15th. Finally, Morgan Stanley lifted their price target on shares of Aurora Innovation from $14.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, September 11th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.67.

Insider Activity at Aurora Innovation

In related news, Director Michelangelo Volpi sold 2,842,682 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 6,390,753 shares of company stock worth $44,826,378. Insiders own 8.52% of the company's stock.

About Aurora Innovation

Aurora Innovation, Inc develops autonomous vehicle technology designed to transport people and goods without human drivers. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and other software and hardware systems to enable automated driving across trucking, ride-hailing, and logistics applications.

The company is initially focused on autonomous trucking, where its technology is intended to support long-haul freight operations and improve safety, efficiency, and vehicle utilization.

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