UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,918,807 shares of the company's stock after acquiring 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 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUR. Toyota Motor Corp acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at $298,294,000. Uber Technologies Inc bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $2,053,632,000. Lightspeed Management Company L.L.C. bought a new stake in Aurora Innovation during the 4th quarter worth approximately $74,003,000. Vanguard Group Inc. increased its stake in Aurora Innovation by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after purchasing an additional 2,687,191 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Aurora Innovation by 22.3% during the 4th quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after acquiring an additional 335,000 shares in the last quarter. Institutional investors own 44.71% of the company's stock.
Aurora Innovation Trading Down 1.5%
Aurora Innovation stock traded down $0.09 during midday trading on Tuesday, hitting $5.77. The stock had a trading volume of 24,330,809 shares, compared to its average volume of 13,559,360. The firm's fifty day moving average is $6.54 and its two-hundred day moving average is $6.89. The company has a market capitalization of $10.21 billion, a PE ratio of -12.28 and a beta of 2.76. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week 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, equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Morgan Stanley started coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Aurora Innovation has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.
View Our Latest Research Report on Aurora Innovation
Aurora Innovation Company Profile
(
Free Report)
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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