TD Asset Management Inc Decreases Stock Position in Aurora Innovation, Inc. $AUR

Key Points

• TD Asset Management Inc has reduced its stake in Aurora Innovation, Inc. by 20.2% in Q2, now holding 324,254 shares valued at approximately $1.7 million.
• Several other institutional investors increased their stakes in Aurora Innovation, including Signaturefd LLC and Farther Finance Advisors LLC, demonstrating growing interest despite TD's reduction.
• Aurora Innovation's recent quarterly earnings report showed a loss of ($0.11) EPS, outperforming estimates, with a revenue of $1.00 million, surpassing analyst expectations of $0.50 million.

TD Asset Management Inc lessened its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,254 shares of the company's stock after selling 82,292 shares during the quarter. TD Asset Management Inc's holdings in Aurora Innovation were worth $1,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AUR. Signaturefd LLC boosted its holdings in 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 period. GAMMA Investing LLC boosted its holdings in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares during the period. Farther Finance Advisors LLC boosted its holdings in Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock worth $40,000 after acquiring an additional 6,264 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the sale, the director directly owned 398,372 shares of the company's stock, valued at $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Donahoe bought 162,337 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares of the company's stock, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation Trading Down 1.3%

AUR stock opened at $5.25 on Wednesday. The firm has a market cap of $9.69 billion, a P/E ratio of -11.17 and a beta of 2.45. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The stock's 50 day simple moving average is $5.70 and its 200 day simple moving average is $5.97.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.75.

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.

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