Bank of America Corp DE Has $23.20 Million Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of America Corp DE lowered its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 2.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,682,106 shares of the company’s stock after selling 89,973 shares during the quarter. Bank of America Corp DE’s holdings in Aurora Innovation were worth $23,197,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC grew its stake in Aurora Innovation by 431.9% in the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock valued at $10,122,000 after buying an additional 1,388,307 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company’s stock valued at $686,000 after acquiring an additional 88,821 shares during the period. Janney Montgomery Scott LLC bought a new stake in Aurora Innovation during the fourth quarter valued at about $95,000. Cornerstone Wealth Management LLC grew its position in shares of Aurora Innovation by 64.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company’s stock valued at $461,000 after purchasing an additional 28,770 shares during the last quarter. Finally, Grimes & Company Inc. bought a new position in shares of Aurora Innovation in the fourth quarter worth about $63,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Down 1.8%

Shares of NASDAQ AUR opened at $6.70 on Monday. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of -14.26 and a beta of 2.76. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The business has a fifty day simple moving average of $6.79 and a 200 day simple moving average of $6.85.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). On average, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Needham & Company LLC increased their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Oppenheimer began coverage on shares of Aurora Innovation in a research report on Thursday, March 27th. They set an “outperform” rating and a $15.00 target price on the stock. Morgan Stanley assumed coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $10.75.

Aurora Innovation Company 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.