Baillie Gifford & Co. Purchases 12,466,085 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Baillie Gifford & Co. lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 17.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,904,647 shares of the company’s stock after acquiring an additional 12,466,085 shares during the quarter. Baillie Gifford & Co. owned approximately 0.05% of Aurora Innovation worth $502,636,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after acquiring an additional 1,267,962 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the period. Primecap Management Co. CA grew its stake in shares of Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after acquiring an additional 102,800 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after acquiring an additional 3,800,901 shares during the period. Finally, ARK Investment Management LLC bought a new position in Aurora Innovation in the 3rd quarter worth approximately $12,433,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AUR shares. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI upped their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 829,713 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02. Following the sale, the director now directly owns 310,939 shares of the company’s stock, valued at $1,722,602.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,723,587 shares of company stock valued at $31,723,223 in the last ninety days. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR opened at $5.46 on Tuesday. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of -11.14 and a beta of 2.82. Aurora Innovation, Inc. has a 1 year low of $1.73 and a 1 year high of $7.01. The business’s 50 day simple moving average is $5.47 and its 200-day simple moving average is $4.01.

Aurora Innovation Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.