Price T Rowe Associates Inc. MD Buys 3,237,609 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Price T Rowe Associates Inc. MD lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 13.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,671,319 shares of the company's stock after buying an additional 3,237,609 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.55% of Aurora Innovation worth $168,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AUR. Twin Tree Management LP increased its position in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its position 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 acquiring an additional 4,955 shares during the last quarter. Grimes & Company Inc. bought a new position in Aurora Innovation in the fourth quarter valued at about $63,000. Yousif Capital Management LLC bought a new position in Aurora Innovation in the fourth quarter valued at about $65,000. Finally, Avantax Advisory Services Inc. bought a new position in Aurora Innovation in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AUR shares. Needham & Company LLC started coverage on Aurora Innovation in a research report on Tuesday, April 15th. They issued a "buy" rating and a $10.00 target price on the stock. TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 target price on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Finally, Morgan Stanley initiated coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.63.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded down $0.36 during trading on Thursday, reaching $6.88. The stock had a trading volume of 22,855,714 shares, compared to its average volume of 11,786,649. The firm's fifty day moving average is $6.70 and its 200 day moving average is $6.75. 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 $11.97 billion, a price-to-earnings ratio of -14.64 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

About Aurora Innovation

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.