American International Group Inc. purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 146,404 shares of the company’s stock, valued at approximately $430,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUR. Commonwealth Equity Services LLC acquired a new stake in Aurora Innovation in the 3rd quarter valued at $27,000. Teacher Retirement System of Texas bought a new position in shares of Aurora Innovation in the 4th quarter valued at about $29,000. ExodusPoint Capital Management LP acquired a new position in shares of Aurora Innovation during the 2nd quarter worth about $30,000. State of Wisconsin Investment Board acquired a new position in shares of Aurora Innovation during the 4th quarter worth about $33,000. Finally, TradeLink Capital LLC acquired a new position in shares of Aurora Innovation during the 1st quarter worth about $35,000. 42.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on AUR. The Goldman Sachs Group lowered their price objective on shares of Aurora Innovation from $2.50 to $1.75 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Tuesday, September 19th. They set a “market perform” rating and a $3.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of Aurora Innovation in a report on Tuesday, September 12th. They issued an “inline” rating and a $4.00 price objective on the stock.
Insider Buying and Selling at Aurora Innovation
In other Aurora Innovation news, Director Sterling Anderson sold 200,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.57, for a total value of $714,000.00. Following the transaction, the director now directly owns 61,933 shares of the company’s stock, valued at approximately $221,100.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 483,190 shares of company stock valued at $1,712,560 in the last ninety days. 18.81% of the stock is currently owned by corporate insiders.
Aurora Innovation Price Performance
NASDAQ:AUR opened at $2.20 on Friday. Aurora Innovation, Inc. has a one year low of $1.10 and a one year high of $3.92. The company has a market cap of $3.34 billion, a P/E ratio of -3.01 and a beta of 2.66. The firm’s fifty day moving average price is $2.23 and its two-hundred day moving average price is $2.42.
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 passenger vehicles, light commercial vehicles, and trucks.
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