Greylock 15 GP LLC Invests $61.60 Million in Aurora Innovation, Inc. (NASDAQ:AUR)

Greylock 15 GP LLC acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,096,972 shares of the company's stock, valued at approximately $61,604,000. Aurora Innovation accounts for 69.6% of Greylock 15 GP LLC's holdings, making the stock its biggest holding. Greylock 15 GP LLC owned 0.93% of Aurora Innovation as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank boosted its stake in shares of Aurora Innovation by 53.7% in the 3rd quarter. Swiss National Bank now owns 1,289,900 shares of the company's stock valued at $3,031,000 after buying an additional 450,400 shares during the period. Vanguard Group Inc. lifted its stake in Aurora Innovation by 73.2% during the third quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company's stock worth $185,394,000 after purchasing an additional 33,348,395 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Aurora Innovation during the third quarter worth approximately $1,812,000. WBH Advisory Inc. purchased a new stake in Aurora Innovation during the fourth quarter worth approximately $125,000. Finally, Bank of New York Mellon Corp lifted its stake in Aurora Innovation by 30.6% during the third quarter. Bank of New York Mellon Corp now owns 1,494,533 shares of the company's stock worth $3,512,000 after purchasing an additional 350,267 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AUR shares. Canaccord Genuity Group boosted their target price on Aurora Innovation from $5.50 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. TD Cowen decreased their target price on Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating for the company in a research note on Friday, March 15th. Finally, The Goldman Sachs Group cut Aurora Innovation from a "neutral" rating to a "sell" rating and boosted their target price for the stock from $1.75 to $2.00 in a research note on Wednesday, January 3rd.

Aurora Innovation Stock Up 3.2 %

AUR traded up $0.09 during trading on Wednesday, hitting $2.87. 5,472,159 shares of the stock were exchanged, compared to its average volume of 6,840,054. The firm has a market capitalization of $4.40 billion, a P/E ratio of -4.70 and a beta of 2.91. Aurora Innovation, Inc. has a 1-year low of $1.30 and a 1-year high of $4.81. The stock has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $2.79.

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

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction that occurred on 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 transaction, the director now owns 463,563 shares of the company's stock, valued at $1,168,178.76. The transaction was disclosed in a filing with the SEC, which is available at this link. 13.83% of the stock is currently owned by corporate insiders.

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.