Aurora Innovation, Inc. (NASDAQ:AUR) Shares Sold by Morgens Waterfall Vintiadis & Co. Inc.

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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. TD Cowen initiated coverage on shares of Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Price Performance

NASDAQ:AUR traded down $0.51 during trading hours on Monday, hitting $6.20. 26,233,231 shares of the company were exchanged, compared to its average volume of 13,096,362. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of -13.27 and a beta of 2.76. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77. The company's 50 day moving average price is $6.79 and its 200-day moving average price is $6.85.

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

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.