Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 26.9% during the fourth quarter, HoldingsChannel reports. The firm owned 248,252 shares of the company’s stock after purchasing an additional 52,634 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aurora Innovation were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its stake in Aurora Innovation by 241.7% in the 4th 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 period. Dynamic Technology Lab Private Ltd bought a new stake in Aurora Innovation in the 3rd quarter valued at about $60,000. Sigma Planning Corp bought a new stake in shares of Aurora Innovation during the third quarter valued at about $63,000. Reynders McVeigh Capital Management LLC bought a new stake in shares of Aurora Innovation during the third quarter valued at about $63,000. Finally, Grimes & Company Inc. bought a new stake in shares of Aurora Innovation during the fourth quarter valued at about $63,000. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Price Performance

Shares of AUR opened at $6.97 on Tuesday. The firm has a market cap of $12.13 billion, a P/E ratio of -14.83 and a beta of 2.82. The stock has a 50 day simple moving average of $7.26 and a two-hundred day simple moving average of $6.42. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AUR. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Morgan Stanley assumed coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.08.

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.