Nisa Investment Advisors LLC Raises Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Nisa Investment Advisors LLC increased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 51.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,140 shares of the company’s stock after purchasing an additional 5,859 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aurora Innovation were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AUR. Rhumbline Advisers grew its holdings in Aurora Innovation by 26.5% in the 2nd quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock worth $52,000 after acquiring an additional 5,726 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Aurora Innovation by 22.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,089 shares of the company’s stock valued at $85,000 after purchasing an additional 6,675 shares in the last quarter. Atom Investors LP boosted its stake in shares of Aurora Innovation by 16.2% during the 4th quarter. Atom Investors LP now owns 49,338 shares of the company’s stock valued at $60,000 after purchasing an additional 6,867 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Aurora Innovation by 27.7% during the 1st quarter. Virtu Financial LLC now owns 33,883 shares of the company’s stock valued at $189,000 after purchasing an additional 7,355 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Aurora Innovation by 31.2% during the 3rd quarter. Hsbc Holdings PLC now owns 32,553 shares of the company’s stock valued at $77,000 after purchasing an additional 7,747 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $2.80 on Friday. Aurora Innovation, Inc. has a one year low of $1.28 and a one year high of $4.81. The company’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.74. The firm has a market capitalization of $4.30 billion, a P/E ratio of -4.59 and a beta of 2.91.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AUR. TD Cowen cut their target price on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, March 15th. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group lowered shares of Aurora Innovation from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $1.75 to $2.00 in a research note on Wednesday, January 3rd.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the transaction, the director now directly owns 463,563 shares of the company’s stock, valued at $1,168,178.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.83% of the company’s stock.

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.