Aurora Innovation, Inc. $AUR Shares Sold by Permanent Capital Management LP

Permanent Capital Management LP lessened its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,340,223 shares of the company’s stock after selling 1,154,317 shares during the quarter. Aurora Innovation comprises approximately 1.0% of Permanent Capital Management LP’s portfolio, making the stock its 13th biggest position. Permanent Capital Management LP owned about 0.07% of Aurora Innovation worth $5,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada grew its position in Aurora Innovation by 35.7% in the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock valued at $1,530,000 after buying an additional 59,801 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Aurora Innovation by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock worth $1,118,000 after acquiring an additional 14,220 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Aurora Innovation by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock worth $13,764,000 after acquiring an additional 127,953 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Aurora Innovation by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after acquiring an additional 2,774 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Aurora Innovation by 116.4% in the second quarter. PNC Financial Services Group Inc. now owns 16,624 shares of the company’s stock valued at $87,000 after acquiring an additional 8,941 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AUR. Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, February 12th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. TD Cowen dropped their target price 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reduced their price target on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Aurora Innovation has an average rating of “Hold” and a consensus target price of $10.34.

Aurora Innovation Stock Down 1.2%

Shares of AUR stock opened at $4.13 on Friday. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.25. The stock has a market cap of $8.05 billion, a P/E ratio of -9.18 and a beta of 2.45. The business has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.68.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.47 million. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

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.