Capital Research Global Investors Raises Stake in Aurora Innovation, Inc. $AUR

Capital Research Global Investors increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,464,685 shares of the company’s stock after purchasing an additional 166,100 shares during the period. Capital Research Global Investors owned 3.69% of Aurora Innovation worth $274,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. World Investment Advisors raised its holdings in shares of Aurora Innovation by 7.4% in the 4th quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after acquiring an additional 2,406 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Aurora Innovation by 20.1% in the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock valued at $77,000 after acquiring an additional 2,458 shares in the last quarter. Finivi Inc. raised its holdings in shares of Aurora Innovation by 2.5% in the 4th quarter. Finivi Inc. now owns 104,911 shares of the company’s stock valued at $403,000 after acquiring an additional 2,530 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Aurora Innovation by 9.2% in the 2nd 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, National Bank of Canada FI raised its holdings in shares of Aurora Innovation by 21.5% in the 3rd quarter. National Bank of Canada FI now owns 15,808 shares of the company’s stock valued at $85,000 after acquiring an additional 2,797 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $6.31 on Monday. The firm has a market capitalization of $12.38 billion, a PE ratio of -14.34 and a beta of 2.62. The business’s 50-day moving average price is $5.87 and its 200-day moving average price is $4.88. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56.

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

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total transaction of $42,943,183.47. Following the transaction, the director directly owned 77,500 shares in the company, valued at $605,275. This trade represents a 98.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 7,048,487 shares of company stock worth $54,295,119. 8.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on AUR shares. Craig Hallum started coverage on Aurora Innovation in a report on Friday. They issued a “buy” rating and a $18.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, Northland Securities started coverage on Aurora Innovation in a report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Aurora Innovation has an average rating of “Hold” and an average price target of $12.25.

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.