Toyota Motor Corp Buys New Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Toyota Motor Corp acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,348,178 shares of the company's stock, valued at approximately $298,294,000. Aurora Innovation makes up about 10.1% of Toyota Motor Corp's holdings, making the stock its 5th biggest position. Toyota Motor Corp owned 2.76% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC lifted its holdings in Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock worth $83,000 after buying an additional 1,717 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Aurora Innovation by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after acquiring an additional 1,723 shares during the period. Corient Private Wealth LLC increased its position in shares of Aurora Innovation by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock worth $135,000 after acquiring an additional 2,216 shares during the period. Twin Tree Management LP raised its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in Aurora Innovation by 3.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after purchasing an additional 3,360 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Down 0.6%

AUR traded down $0.04 on Friday, reaching $6.00. The company's stock had a trading volume of 6,239,892 shares, compared to its average volume of 13,248,534. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of -12.73 and a beta of 2.76. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $10.77. The stock has a 50 day moving average of $6.75 and a two-hundred day moving average of $6.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data 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). As a group, analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AUR shares. Needham & Company LLC upped their price target on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Finally, Oppenheimer initiated coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Aurora Innovation has an average rating of "Moderate Buy" and a consensus price target of $10.75.

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.