Victory Capital Management Inc. Increases Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Victory Capital Management Inc. raised its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 120,485 shares of the company’s stock after purchasing an additional 8,194 shares during the period. Victory Capital Management Inc.’s holdings in Aurora Innovation were worth $759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AUR. FMR LLC raised its holdings in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock worth $81,983,000 after acquiring an additional 9,325,013 shares during the period. Geode Capital Management LLC increased its position in shares of Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. State Street Corp increased its position in shares of Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after purchasing an additional 2,920,653 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Aurora Innovation by 57.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock worth $30,221,000 after purchasing an additional 1,753,757 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock opened at $7.23 on Friday. The business’s fifty day moving average price is $7.20 and its 200 day moving average price is $6.46. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The firm has a market capitalization of $12.58 billion, a PE ratio of -15.38 and a beta of 2.82.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on AUR shares. Morgan Stanley started coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price objective for the company. Finally, Evercore ISI lifted their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.08.

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.