LPL Financial LLC Grows Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

LPL Financial LLC raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 223.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,993 shares of the company's stock after purchasing an additional 196,870 shares during the period. LPL Financial LLC's holdings in Aurora Innovation were worth $1,795,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after acquiring an additional 3,064,342 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Aurora Innovation by 57.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company's stock valued at $30,221,000 after purchasing an additional 1,753,757 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in Aurora Innovation by 57.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 4,796,952 shares of the company's stock valued at $30,221,000 after purchasing an additional 1,753,757 shares in the last quarter. Barclays PLC lifted its holdings in Aurora Innovation by 431.9% in the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after purchasing an additional 1,388,307 shares in the last quarter. Finally, Clare Market Investments LLC acquired a new stake in Aurora Innovation during the 4th quarter worth $4,110,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AUR shares. Needham & Company LLC assumed coverage on shares of Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 price target on the stock. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 target price on the stock. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $3.00 to $6.00 in a research report on Thursday, April 10th. Finally, TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.63.

Aurora Innovation Stock Up 4.1 %

AUR stock traded up $0.24 during mid-day trading on Friday, hitting $6.11. 14,703,266 shares of the company were exchanged, compared to its average volume of 11,563,674. The business has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $6.70. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The firm has a market capitalization of $10.63 billion, a P/E ratio of -13.00 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current 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.