Wealthedge Investment Advisors LLC Makes New $413,000 Investment in Aurora Innovation, Inc. $AUR

Key Points

• Wealthedge Investment Advisors LLC invested approximately $413,000 in Aurora Innovation, acquiring 61,437 shares, in the first quarter as per their Form 13F filing.
• Aurora Innovation's stock received multiple price target increases from analysts, with Needham & Company setting a target of $13.00, and Canaccord Genuity raising theirs to $15.00, indicating a positive outlook with a consensus rating of “Moderate Buy.”
• Insider activity includes Director Gloria R. Boyland selling 46,097 shares, while John J. Donahoe acquired 162,337 shares, highlighting notable insider trading movements within the company.

Wealthedge Investment Advisors LLC acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,437 shares of the company's stock, valued at approximately $413,000.

A number of other institutional investors have also added to or reduced their stakes in AUR. Uber Technologies Inc purchased a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $2,053,632,000. Vanguard Group Inc. boosted its position in Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after purchasing an additional 2,392,995 shares in the last quarter. Toyota Motor Corp purchased a new position in shares of Aurora Innovation in the 4th quarter worth approximately $298,294,000. Price T Rowe Associates Inc. MD grew its holdings in Aurora Innovation by 13.8% in 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 purchasing an additional 3,237,609 shares during the last quarter. Finally, Durable Capital Partners LP increased its position in Aurora Innovation by 8.4% during the 4th quarter. Durable Capital Partners LP now owns 12,757,155 shares of the company's stock valued at $80,370,000 after buying an additional 986,475 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Insider Buying and Selling at Aurora Innovation

In other news, Director John J. Donahoe purchased 162,337 shares of the stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, with a total value of $990,255.70. Following the transaction, the director owned 162,337 shares in the company, valued at $990,255.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the sale, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is owned by insiders.

Aurora Innovation Trading Down 7.2%

AUR stock traded down $0.4650 during mid-day trading on Tuesday, reaching $5.9750. The company's stock had a trading volume of 19,575,395 shares, compared to its average volume of 19,359,895. The stock has a market cap of $11.03 billion, a PE ratio of -12.73 and a beta of 2.49. The company's 50 day moving average is $5.78 and its two-hundred day moving average is $6.49. Aurora Innovation, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $10.77.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on AUR shares. The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Canaccord Genuity Group raised their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC upped their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. 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 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.