Kingsview Wealth Management LLC Has $859,000 Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Kingsview Wealth Management LLC boosted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 136,408 shares of the company’s stock after buying an additional 4,154 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Aurora Innovation were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after acquiring an additional 1,753,757 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $90,000. Yousif Capital Management LLC acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $65,000. GPS Wealth Strategies Group LLC boosted its stake in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after acquiring an additional 4,955 shares during the last quarter. Finally, KBC Group NV grew its holdings in Aurora Innovation by 41.9% during the 4th quarter. KBC Group NV now owns 37,034 shares of the company’s stock worth $233,000 after acquiring an additional 10,942 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Down 7.9 %

Aurora Innovation stock opened at $6.45 on Thursday. The company has a 50 day moving average of $7.04 and a 200-day moving average of $5.80. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $9.83. The stock has a market capitalization of $11.08 billion, a PE ratio of -13.16 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.30.

Insider Activity

In related news, Director Reid Hoffman sold 537,837 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the transaction, the director now directly owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,014,883 shares of company stock worth $5,389,459 in the last quarter. Corporate insiders own 13.83% of the company’s stock.

About Aurora Innovation

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.