Mitsubishi UFJ Asset Management Co. Ltd. Sells 351,022 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Mitsubishi UFJ Asset Management Co. Ltd. cut its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 483,632 shares of the company's stock after selling 351,022 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Aurora Innovation were worth $3,298,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AUR. Twin Tree Management LP boosted its stake in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake 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 valued at $44,000 after purchasing an additional 4,955 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the third quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation in the third quarter worth $63,000. Finally, Grimes & Company Inc. bought a new stake in shares of Aurora Innovation in the fourth quarter valued at $63,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

NASDAQ:AUR traded down $0.60 during trading hours on Friday, reaching $5.68. The company's stock had a trading volume of 20,880,727 shares, compared to its average volume of 11,322,745. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of -12.09 and a beta of 2.77. The firm has a 50-day simple moving average of $7.23 and a 200-day simple moving average of $6.67. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AUR. Evercore ISI increased their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target for the company. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Oppenheimer assumed coverage on Aurora Innovation in a research report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of "Hold" and an average target price of $9.07.

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.