Sumitomo Mitsui Trust Group Inc. Reduces Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,997,007 shares of the company's stock after selling 799,945 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Aurora Innovation worth $26,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Uber Technologies Inc acquired a new stake in Aurora Innovation during the fourth quarter worth about $2,053,632,000. Vanguard Group Inc. grew its stake in shares of Aurora Innovation by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after buying an additional 2,687,191 shares during the period. Toyota Motor Corp purchased a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $298,294,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after buying an additional 3,237,609 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Aurora Innovation by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after buying an additional 577,704 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AUR. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Canaccord Genuity Group upped their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC raised 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. Oppenheimer initiated coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four equities research 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Trading Up 2.4%

AUR stock opened at $5.17 on Thursday. The business's fifty day moving average price is $6.23 and its 200 day moving average price is $6.73. Aurora Innovation, Inc. has a 12-month low of $2.77 and a 12-month high of $10.77. The company has a market capitalization of $9.15 billion, a PE ratio of -10.77 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction that occurred 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 directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.85% of the company's stock.

Aurora Innovation Profile

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.

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.