186,500 Shares in Aurora Innovation, Inc. (NASDAQ:AUR) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 186,500 shares of the company’s stock, valued at approximately $1,175,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUR. JPMorgan Chase & Co. boosted its position in shares of Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock worth $8,172,000 after buying an additional 394,933 shares during the period. Citigroup Inc. grew its position in Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the period. Swiss National Bank lifted its position in shares of Aurora Innovation by 22.3% during the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock worth $11,588,000 after purchasing an additional 335,000 shares in the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock valued at $15,198,000 after purchasing an additional 312,144 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Down 10.5 %

NASDAQ:AUR opened at $6.68 on Friday. The company has a market cap of $11.63 billion, a PE ratio of -14.21 and a beta of 2.82. The business’s 50 day moving average is $7.28 and its two-hundred day moving average is $6.59. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week 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 (EPS) for the quarter. As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 target price on the stock. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.07.

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.