Mercer Global Advisors Inc. ADV Invests $84,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Mercer Global Advisors Inc. ADV bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,302 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP boosted its stake in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after buying an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares in the last quarter. Grimes & Company Inc. purchased a new position in Aurora Innovation in the fourth quarter valued at about $63,000. Yousif Capital Management LLC acquired a new position in Aurora Innovation in the 4th quarter worth about $65,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Aurora Innovation during the 4th quarter valued at about $65,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Trading Down 1.8%

Shares of Aurora Innovation stock opened at $6.70 on Friday. The firm has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $6.84. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of -14.26 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

AUR has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. 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 target price for the company. Evercore ISI lifted their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.75.

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.