Aurora Innovation, Inc. (NASDAQ:AUR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,385,452 shares of the company’s stock after purchasing an additional 68,674 shares during the quarter. Rhumbline Advisers’ holdings in Aurora Innovation were worth $8,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its holdings in Aurora Innovation by 241.7% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares during the period. Souders Financial Advisors acquired a new position in shares of Aurora Innovation during the third quarter worth about $59,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation during the third quarter worth approximately $60,000. Sigma Planning Corp acquired a new stake in Aurora Innovation in the third quarter valued at approximately $63,000. Finally, Reynders McVeigh Capital Management LLC purchased a new position in Aurora Innovation in the third quarter worth approximately $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. TD Cowen raised 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. Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group boosted their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.50.

Aurora Innovation Stock Performance

AUR opened at $7.01 on Tuesday. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The stock has a market capitalization of $12.20 billion, a P/E ratio of -14.91 and a beta of 2.85. The business’s 50-day simple moving average is $7.27 and its 200-day simple moving average is $6.10.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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.