Vanguard Group Inc. Increases Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Vanguard Group Inc. grew its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 73.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,891,029 shares of the company's stock after buying an additional 33,348,395 shares during the quarter. Vanguard Group Inc. owned approximately 5.19% of Aurora Innovation worth $185,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Aurora Innovation by 277.4% during the third quarter. Morgan Stanley now owns 85,015,346 shares of the company's stock valued at $199,786,000 after buying an additional 62,491,033 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Aurora Innovation by 7.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 59,776,350 shares of the company's stock valued at $114,173,000 after purchasing an additional 4,050,096 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Aurora Innovation by 125.3% in the third quarter. Baillie Gifford & Co. now owns 33,634,164 shares of the company's stock valued at $79,040,000 after purchasing an additional 18,703,703 shares in the last quarter. BlackRock Inc. raised its position in Aurora Innovation by 311.4% in the 2nd quarter. BlackRock Inc. now owns 24,759,996 shares of the company's stock worth $72,794,000 after purchasing an additional 18,740,928 shares during the last quarter. Finally, FMR LLC lifted its holdings in Aurora Innovation by 823.6% during the 3rd quarter. FMR LLC now owns 21,315,044 shares of the company's stock worth $50,090,000 after buying an additional 19,007,248 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 1,000,000 shares of the company's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now owns 463,563 shares in the company, valued at $1,168,178.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.70% of the company's stock.

Aurora Innovation Trading Up 3.2 %

Shares of NASDAQ:AUR traded up $0.09 during trading on Monday, hitting $2.91. 8,863,211 shares of the company's stock traded hands, compared to its average volume of 6,630,266. The company has a 50-day moving average price of $2.75 and a 200-day moving average price of $2.71. Aurora Innovation, Inc. has a 52 week low of $1.20 and a 52 week high of $4.81. The company has a market cap of $4.47 billion, a price-to-earnings ratio of -4.77 and a beta of 2.91.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Analyst Ratings Changes

AUR has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 15th. The Goldman Sachs Group lowered shares of Aurora Innovation from a "neutral" rating to a "sell" rating and increased their price objective for the company from $1.75 to $2.00 in a report on Wednesday, January 3rd. Finally, TD Cowen lowered their target price on shares of Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating for the company in a report on Friday, March 15th.

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.