Invesco Ltd. Cuts Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Invesco Ltd. reduced its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,490,041 shares of the company's stock after selling 492,044 shares during the quarter. Invesco Ltd. owned about 0.14% of Aurora Innovation worth $15,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Twin Tree Management LP lifted its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after buying an additional 4,955 shares during the last quarter. Grimes & Company Inc. purchased a new position in Aurora Innovation during the fourth quarter worth $63,000. Yousif Capital Management LLC bought a new position in Aurora Innovation during the fourth quarter valued at $65,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at $65,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $3.00 to $6.00 in a research note on Thursday, April 10th. Oppenheimer assumed coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Evercore ISI boosted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC began coverage on Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Stock Performance

NASDAQ AUR traded up $0.14 on Friday, reaching $6.95. 3,626,257 shares of the stock traded hands, compared to its average volume of 11,593,959. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77. The company has a fifty day moving average price of $6.81 and a 200-day moving average price of $6.71. The company has a market cap of $12.09 billion, a price-to-earnings ratio of -14.80 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share 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.