UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,918,807 shares of the company's stock after buying an additional 564,227 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Aurora Innovation worth $12,088,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AUR. Uber Technologies Inc purchased a new stake in Aurora Innovation in the fourth quarter worth about $2,053,632,000. Toyota Motor Corp bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $298,294,000. Lightspeed Management Company L.L.C. purchased a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $74,003,000. Norges Bank bought a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $45,772,000. Finally, Price T Rowe Associates Inc. MD increased its holdings 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 valued at $168,030,000 after buying an additional 3,237,609 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Down 2.6%

Shares of AUR traded down $0.16 during mid-day trading on Friday, hitting $6.08. 15,006,011 shares of the company traded hands, compared to its average volume of 13,449,949. The company has a market capitalization of $10.75 billion, a PE ratio of -12.94 and a beta of 2.76. The business has a 50 day moving average of $6.60 and a 200 day moving average of $6.88. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

AUR has been the subject of a number of analyst reports. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 target price for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Needham & Company LLC boosted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Evercore ISI increased their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

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.