Aurora Innovation, Inc. $AUR Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Aurora Innovation, Inc. by 3.3%, now holding approximately 213.7 million shares, which constitutes 1.0% of their total holdings.
• Aurora Innovation's stock experienced a decline of 7.1% recently, and it currently has a market capitalization of $11.04 billion.
• Research analysts have set diverse price targets for Aurora Innovation, with estimates ranging from $7.00 to $15.00, indicating a general consensus of "Moderate Buy."

T. Rowe Price Investment Management Inc. reduced its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 213,655,720 shares of the company's stock after selling 7,366,756 shares during the quarter. Aurora Innovation accounts for 1.0% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 15th largest position. T. Rowe Price Investment Management Inc. owned 12.28% of Aurora Innovation worth $1,436,835,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Aurora Innovation in the 1st quarter worth approximately $32,000. Signaturefd LLC lifted its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC increased its stake in Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after buying an additional 3,527 shares during the period. PNC Financial Services Group Inc. increased its stake in Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after buying an additional 2,085 shares during the period. Finally, Summit Securities Group LLC increased its stake in Aurora Innovation by 467.8% during the 1st quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock worth $68,000 after buying an additional 8,299 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AUR has been the topic of several recent research reports. The Goldman Sachs Group upped 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. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC upped their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Trading Up 2.9%

Shares of NASDAQ AUR traded up $0.17 during mid-day trading on Friday, reaching $6.02. The company had a trading volume of 18,904,438 shares, compared to its average volume of 23,385,324. The firm has a 50 day simple moving average of $5.80 and a two-hundred day simple moving average of $6.46. The stock has a market cap of $11.11 billion, a P/E ratio of -12.81 and a beta of 2.49. Aurora Innovation, Inc. has a 52-week low of $3.61 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insiders Place Their Bets

In other Aurora Innovation news, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the transaction, the director owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.85% of the company's stock.

Aurora Innovation Company 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.