Morgens Waterfall Vintiadis & Co. Inc. Sells 365,000 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Morgens Waterfall Vintiadis & Co. Inc. cut its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 54.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,000 shares of the company's stock after selling 365,000 shares during the quarter. Aurora Innovation accounts for approximately 1.5% of Morgens Waterfall Vintiadis & Co. Inc.'s holdings, making the stock its 22nd largest position. Morgens Waterfall Vintiadis & Co. Inc.'s holdings in Aurora Innovation were worth $1,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. lifted its holdings in shares of Aurora Innovation by 122.2% during the 4th quarter. Nomura Holdings Inc. now owns 46,745 shares of the company's stock valued at $294,000 after buying an additional 25,710 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Aurora Innovation in the 4th quarter worth $869,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Aurora Innovation by 6.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,352 shares of the company's stock worth $3,442,000 after purchasing an additional 33,816 shares in the last quarter. Lightspeed Management Company L.L.C. purchased a new stake in shares of Aurora Innovation in the 4th quarter worth $74,003,000. Finally, J. Goldman & Co LP purchased a new stake in shares of Aurora Innovation in the 4th quarter worth $7,226,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

Shares of AUR traded down $0.12 during midday trading on Friday, hitting $6.70. 40,868,252 shares of the company traded hands, compared to its average volume of 13,011,078. The firm has a 50 day moving average of $6.79 and a 200-day moving average of $6.84. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of -14.26 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Cowen started coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Morgan Stanley started coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Oppenheimer started coverage on Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Aurora Innovation has an average rating of "Moderate Buy" and an average price target 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.