First Trust Advisors LP Has $5.86 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

First Trust Advisors LP lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 1,553.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 930,872 shares of the company's stock after acquiring an additional 874,585 shares during the period. First Trust Advisors LP owned 0.05% of Aurora Innovation worth $5,864,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Aurora Innovation by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after buying an additional 394,933 shares during the period. Vanguard Group Inc. raised its position in Aurora Innovation by 2.4% in the fourth 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. Swiss National Bank lifted its stake in Aurora Innovation by 22.3% during the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock worth $11,588,000 after purchasing an additional 335,000 shares during the period. ARK Investment Management LLC grew its stake in shares of Aurora Innovation by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company's stock valued at $15,198,000 after purchasing an additional 312,144 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $702,000. 44.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AUR. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer initiated coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target on the stock. Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC assumed coverage on shares of Aurora Innovation in a research report on Tuesday, April 15th. They set a "buy" rating and a $10.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.25.

Aurora Innovation Stock Performance

NASDAQ:AUR traded up $1.26 during trading hours on Friday, hitting $8.14. The stock had a trading volume of 26,129,799 shares, compared to its average volume of 11,897,651. The business's 50 day moving average is $6.72 and its 200-day moving average is $6.77. The company has a market cap of $14.17 billion, a price-to-earnings ratio of -17.32 and a beta of 2.77. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.