Soros Fund Management LLC Sells 2,789,159 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Soros Fund Management LLC trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 76.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 868,026 shares of the company's stock after selling 2,789,159 shares during the quarter. Soros Fund Management LLC owned 0.05% of Aurora Innovation worth $5,469,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AUR. Norges Bank acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $45,772,000. Price T Rowe Associates Inc. MD boosted its stake in Aurora Innovation by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after purchasing an additional 3,237,609 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after purchasing an additional 2,687,191 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Aurora Innovation by 57.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company's stock worth $30,221,000 after buying an additional 1,753,757 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its stake in Aurora Innovation by 57.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 4,796,952 shares of the company's stock valued at $30,221,000 after acquiring an additional 1,753,757 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AUR shares. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday. Evercore ISI increased their price objective on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. Finally, Oppenheimer began coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aurora Innovation has a consensus rating of "Moderate Buy" and an average price target of $10.25.

Aurora Innovation Stock Performance

NASDAQ AUR traded up $1.26 on Friday, hitting $8.14. 26,129,799 shares of the stock traded hands, compared to its average volume of 11,897,645. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of -17.32 and a beta of 2.77. The business's fifty day moving average is $6.70 and its two-hundred day moving average is $6.76. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.