T. Rowe Price Investment Management Inc. Sells 5,563,940 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

T. Rowe Price Investment Management Inc. reduced its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 221,022,476 shares of the company's stock after selling 5,563,940 shares during the period. Aurora Innovation makes up 0.9% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 20th biggest position. T. Rowe Price Investment Management Inc. owned about 12.86% of Aurora Innovation worth $1,392,442,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Aurora Innovation during the 4th quarter valued at $45,772,000. Price T Rowe Associates Inc. MD grew its stake in shares of Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after buying an additional 3,237,609 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock valued at $712,029,000 after buying an additional 2,687,191 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of Aurora Innovation by 57.6% in 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 during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Aurora Innovation by 57.6% during the 4th quarter. Sumitomo Mitsui Trust Group 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 during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Evercore ISI lifted their price target on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 18th. TD Cowen initiated coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a "hold" rating and a $8.00 price target for the company. The Goldman Sachs Group raised shares of Aurora Innovation from a "sell" rating to a "neutral" rating and raised their price target for the stock from $3.00 to $6.00 in a report on Thursday, April 10th. Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price objective for the company. Finally, Canaccord Genuity Group raised their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Price Performance

AUR traded up $0.08 on Monday, hitting $6.96. The company had a trading volume of 10,004,892 shares, compared to its average volume of 14,692,254. The stock has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $6.73. The firm has a market capitalization of $12.10 billion, a P/E ratio of -14.80 and a beta of 2.77. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share 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.