Invesco Ltd. Has $15.69 Million Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Invesco Ltd. decreased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,490,041 shares of the company’s stock after selling 492,044 shares during the quarter. Invesco Ltd. owned 0.14% of Aurora Innovation worth $15,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Aurora Innovation in the 4th quarter worth $45,772,000. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock worth $712,029,000 after buying an additional 2,687,191 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Aurora Innovation by 57.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after buying an additional 1,753,757 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Aurora Innovation by 57.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after acquiring an additional 1,753,757 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after acquiring an additional 1,388,307 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Up 4.1 %

NASDAQ AUR opened at $6.11 on Monday. The company has a fifty day simple moving average of $7.03 and a 200 day simple moving average of $6.70. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $10.77. The company has a market cap of $10.63 billion, a P/E ratio of -13.00 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

AUR has been the subject of a number of analyst reports. Evercore ISI raised their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised shares of Aurora Innovation from a “sell” rating to a “neutral” rating and raised their target price for the company from $3.00 to $6.00 in a research note on Thursday, April 10th. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. TD Cowen started coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of Aurora Innovation in a research note on Tuesday, April 15th. They issued a “buy” rating and a $10.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Aurora Innovation has a consensus rating of “Moderate Buy” and an average price target of $9.63.

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.