Amova Asset Management Americas Inc. Has $39.10 Million Stock Position in Aurora Innovation, Inc. $AUR

Amova Asset Management Americas Inc. lifted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,253,929 shares of the company’s stock after purchasing an additional 1,083,373 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Aurora Innovation were worth $39,099,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AUR. Norges Bank acquired a new stake in Aurora Innovation in the 2nd quarter valued at $42,421,000. Squarepoint Ops LLC increased its position in shares of Aurora Innovation by 3,256.1% in the second quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock valued at $35,387,000 after acquiring an additional 6,552,034 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Aurora Innovation in the second quarter valued at about $31,250,000. Durable Capital Partners LP raised its holdings in Aurora Innovation by 36.7% during the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company’s stock worth $106,918,000 after acquiring an additional 5,481,969 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Aurora Innovation by 3.4% during the third quarter. Vanguard Group Inc. now owns 142,749,144 shares of the company’s stock valued at $769,418,000 after purchasing an additional 4,740,588 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Down 2.4%

NASDAQ AUR opened at $4.49 on Thursday. The firm has a 50-day moving average price of $4.43 and a two-hundred day moving average price of $4.82. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.25. The company has a market capitalization of $8.75 billion, a P/E ratio of -9.98 and a beta of 2.45.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.47 million. Equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AUR. TD Cowen lowered their price target on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. The Goldman Sachs Group lowered their price target on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.34.

Aurora Innovation 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.