Aurora Innovation, Inc. (NASDAQ:AUR) Stake Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,128 shares of the company’s stock after acquiring an additional 9,820 shares during the period. Daiwa Securities Group Inc.’s holdings in Aurora Innovation were worth $145,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AUR. Nisa Investment Advisors LLC raised its stake in shares of Aurora Innovation by 51.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock worth $75,000 after purchasing an additional 5,859 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Aurora Innovation by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 59,614 shares of the company’s stock worth $261,000 after purchasing an additional 21,130 shares in the last quarter. WBH Advisory Inc. purchased a new stake in shares of Aurora Innovation during the 4th quarter worth about $125,000. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 73.2% during the 3rd quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company’s stock worth $185,394,000 after purchasing an additional 33,348,395 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Aurora Innovation by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company’s stock worth $42,443,000 after purchasing an additional 5,903,484 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the sale, the director now owns 463,563 shares of the company’s stock, valued at approximately $1,168,178.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $3.02 on Friday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -4.95 and a beta of 2.91. The business’s 50-day simple moving average is $2.68 and its 200-day simple moving average is $2.77. Aurora Innovation, Inc. has a 52 week low of $1.29 and a 52 week high of $4.81.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

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.