AXQ Capital LP Buys New Shares in Aurora Innovation, Inc. $AUR

AXQ Capital LP bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 89,497 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds have also made changes to their positions in the stock. World Investment Advisors lifted its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after buying an additional 2,406 shares during the period. Cerity Partners LLC increased its holdings in shares of Aurora Innovation by 20.1% during the second quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock worth $77,000 after buying an additional 2,458 shares in the last quarter. Finivi Inc. increased its holdings in shares of Aurora Innovation by 2.5% during the fourth quarter. Finivi Inc. now owns 104,911 shares of the company’s stock worth $403,000 after buying an additional 2,530 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after buying an additional 2,774 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Aurora Innovation by 21.5% in the third quarter. National Bank of Canada FI now owns 15,808 shares of the company’s stock valued at $85,000 after purchasing an additional 2,797 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AUR shares. Wall Street Zen lowered shares of Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Northland Securities began coverage on shares of Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Six 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.43.

Aurora Innovation Stock Down 1.6%

NASDAQ AUR opened at $6.84 on Friday. The company has a market capitalization of $13.41 billion, a P/E ratio of -15.55 and a beta of 2.62. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The firm has a 50-day moving average price of $5.83 and a two-hundred day moving average price of $4.86.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. Equities analysts expect that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 1,202,354 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 7,048,487 shares of company stock worth $54,295,119. Corporate insiders own 8.52% of the company’s stock.

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.