Swiss National Bank Sells 6,500 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Swiss National Bank cut its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 1,832,900 shares of the company’s stock after selling 6,500 shares during the quarter. Swiss National Bank’s holdings in Aurora Innovation were worth $12,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Aurora Innovation by 194.5% during the fourth quarter. Franklin Resources Inc. now owns 36,378 shares of the company’s stock valued at $229,000 after buying an additional 24,024 shares during the period. Wells Fargo & Company MN grew its stake in shares of Aurora Innovation by 38.8% in the 4th quarter. Wells Fargo & Company MN now owns 561,721 shares of the company’s stock worth $3,539,000 after buying an additional 157,012 shares in the last quarter. Bank of Montreal Can bought a new stake in Aurora Innovation during the fourth quarter valued at about $66,000. Legal & General Group Plc grew its holdings in Aurora Innovation by 34.9% during the fourth quarter. Legal & General Group Plc now owns 995,550 shares of the company’s stock worth $6,272,000 after acquiring an additional 257,489 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Aurora Innovation during the fourth quarter valued at $702,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Aurora Innovation has an average rating of “Moderate Buy” and a consensus target price of $10.75.

Aurora Innovation Stock Up 1.5%

NASDAQ:AUR opened at $6.56 on Friday. The firm has a 50 day moving average of $5.76 and a 200 day moving average of $6.50. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of -13.96 and a beta of 2.49. Aurora Innovation, Inc. has a 52 week low of $3.40 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. As a group, analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity

In related news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares of the company’s stock, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Donahoe purchased 162,337 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the purchase, the director owned 162,337 shares of the company’s stock, valued at $990,255.70. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.85% of the stock is currently owned by insiders.

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.