Wells Fargo & Company MN Has $3.54 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Wells Fargo & Company MN raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 38.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 561,721 shares of the company's stock after buying an additional 157,012 shares during the quarter. Wells Fargo & Company MN's holdings in Aurora Innovation were worth $3,539,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of Aurora Innovation during the 4th quarter worth about $140,000. Geode Capital Management LLC grew its position in shares of Aurora Innovation by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company's stock valued at $147,292,000 after purchasing an additional 577,704 shares during the period. Franklin Resources Inc. grew its position in shares of Aurora Innovation by 194.5% in the 4th quarter. Franklin Resources Inc. now owns 36,378 shares of the company's stock valued at $229,000 after purchasing an additional 24,024 shares during the period. United Bank acquired a new position in shares of Aurora Innovation in the 4th quarter valued at approximately $70,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Aurora Innovation in the 4th quarter valued at approximately $1,357,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Trading Up 5.5 %

Shares of Aurora Innovation stock traded up $0.38 on Monday, reaching $7.26. 15,939,775 shares of the company were exchanged, compared to its average volume of 11,687,942. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of -15.45 and a beta of 2.77. The company has a 50-day moving average of $6.72 and a 200 day moving average of $6.74.

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

Wall Street Analysts Forecast Growth

AUR has been the subject of several research analyst reports. Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective for the company. The Goldman Sachs Group upgraded Aurora Innovation from a "sell" rating to a "neutral" rating and boosted their target price for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Needham & Company LLC assumed coverage on Aurora Innovation in a research note on Tuesday, April 15th. They issued a "buy" rating and a $10.00 target price on the stock. 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. Finally, Canaccord Genuity Group boosted their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.63.

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.