US Bancorp DE Cuts Position in Aurora Innovation, Inc. (NASDAQ:AUR)

US Bancorp DE reduced its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 31.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,211 shares of the company’s stock after selling 43,207 shares during the quarter. US Bancorp DE’s holdings in Aurora Innovation were worth $552,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AUR. Nisa Investment Advisors LLC lifted its holdings in Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after buying an additional 4,702 shares in the last quarter. Empowered Funds LLC boosted its holdings in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares during the last quarter. Victory Capital Management Inc. grew its stake in Aurora Innovation by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after purchasing an additional 7,624 shares in the last quarter. American International Group Inc. grew its stake in Aurora Innovation by 4.6% during the 1st quarter. American International Group Inc. now owns 176,045 shares of the company’s stock valued at $496,000 after purchasing an additional 7,773 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Aurora Innovation by 14.5% during the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock worth $181,000 after purchasing an additional 8,142 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $5.61 on Monday. Aurora Innovation, Inc. has a 1 year low of $1.73 and a 1 year high of $7.01. The firm’s 50-day moving average is $5.47 and its 200-day moving average is $4.01. The company has a market cap of $9.64 billion, a P/E ratio of -11.45 and a beta of 2.82.

Analyst Ratings Changes

A number of analysts have recently weighed in on AUR shares. Evercore ISI raised their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. TD Cowen upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, The Goldman Sachs Group upped their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, the director now directly owns 672,425 shares in the company, valued at approximately $3,664,716.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 5,723,587 shares of company stock valued at $31,723,223 over the last quarter. Insiders own 13.83% of the company’s stock.

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.