Lightspeed Management Company L.L.C. Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Lightspeed Management Company L.L.C. acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,746,572 shares of the company's stock, valued at approximately $74,003,000. Aurora Innovation accounts for approximately 20.7% of Lightspeed Management Company L.L.C.'s investment portfolio, making the stock its 3rd largest holding. Lightspeed Management Company L.L.C. owned 0.68% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Uber Technologies Inc bought a new position in Aurora Innovation during the fourth quarter valued at $2,053,632,000. JPMorgan Chase & Co. grew its holdings in Aurora Innovation by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after purchasing an additional 394,933 shares during the period. Vanguard Group Inc. grew its holdings in Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after purchasing an additional 2,687,191 shares during the period. Swiss National Bank grew its holdings in Aurora Innovation by 22.3% during the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company's stock valued at $11,588,000 after purchasing an additional 335,000 shares during the period. Finally, ARK Investment Management LLC grew its holdings in Aurora Innovation by 14.9% during the fourth 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. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Down 1.8%

Shares of AUR stock traded down $0.12 on Friday, reaching $6.70. The company's stock had a trading volume of 40,868,252 shares, compared to its average volume of 13,036,583. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The company has a market capitalization of $11.66 billion, a P/E ratio of -14.26 and a beta of 2.76. The stock's 50 day simple moving average is $6.79 and its 200-day simple moving average is $6.84.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data 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). Research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AUR. The Goldman Sachs Group increased their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. 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 research report on Tuesday, February 18th. Oppenheimer began coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price on the stock. Canaccord Genuity Group increased their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.