Teacher Retirement System of Texas Buys New Shares in Aurora Innovation, Inc. (NASDAQ:AUR)

Teacher Retirement System of Texas bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 138,211 shares of the company's stock, valued at approximately $929,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Uber Technologies Inc acquired a new position in Aurora Innovation during the fourth quarter worth approximately $2,053,632,000. Vanguard Group Inc. increased its position in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after buying an additional 2,687,191 shares during the period. Toyota Motor Corp acquired a new position in Aurora Innovation during the fourth quarter worth approximately $298,294,000. Price T Rowe Associates Inc. MD increased its position in Aurora Innovation by 13.8% during 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 buying an additional 3,237,609 shares during the period. Finally, Geode Capital Management LLC increased its position in Aurora Innovation by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock worth $147,292,000 after buying an additional 577,704 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

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 stock was 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 in the company, valued at approximately $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AUR. Oppenheimer began coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price on the stock. Canaccord Genuity Group lifted their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group lifted their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Finally, Needham & Company LLC lifted their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Down 2.3%

Shares of Aurora Innovation stock traded down $0.15 during trading on Friday, reaching $6.27. The company's stock had a trading volume of 7,033,652 shares, compared to its average volume of 19,133,594. Aurora Innovation, Inc. has a 12-month low of $3.25 and a 12-month high of $10.77. The company has a market capitalization of $11.08 billion, a P/E ratio of -13.05 and a beta of 2.48. The business has a 50 day moving average price of $5.83 and a 200-day moving average price of $6.60.

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