Federated Hermes Inc. Cuts Stake in Aurora Innovation, Inc. $AUR

Federated Hermes Inc. decreased its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 98.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,060 shares of the company’s stock after selling 571,793 shares during the period. Federated Hermes Inc.’s holdings in Aurora Innovation were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in Aurora Innovation in the third quarter valued at about $44,000. Evolution Wealth Advisors LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter worth approximately $52,000. Ervin Investment Management LLC acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at approximately $54,000. International Assets Investment Management LLC acquired a new stake in shares of Aurora Innovation in the 2nd quarter valued at approximately $55,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Aurora Innovation in the second quarter valued at approximately $55,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, January 21st. Oppenheimer reissued an “outperform” rating and set a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and a consensus target price of $10.06.

Aurora Innovation Trading Up 1.4%

Shares of NASDAQ AUR opened at $4.46 on Wednesday. The company’s 50-day moving average price is $4.34 and its 200 day moving average price is $4.97. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $10.77. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of -9.91 and a beta of 2.47.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, CEO Christopher Urmson purchased 258,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the completion of the transaction, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 11.85% of the stock is owned by corporate insiders.

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.