BNP Paribas Financial Markets Invests $719,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

BNP Paribas Financial Markets bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 114,072 shares of the company’s stock, valued at approximately $719,000.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. grew its position in Aurora Innovation by 3,760.7% in the fourth quarter. Ameriprise Financial Inc. now owns 799,773 shares of the company’s stock valued at $5,039,000 after acquiring an additional 779,057 shares in the last quarter. Algert Global LLC grew its holdings in Aurora Innovation by 41.5% during the 4th quarter. Algert Global LLC now owns 488,403 shares of the company’s stock valued at $3,077,000 after purchasing an additional 143,342 shares in the last quarter. Alight Capital Management LP purchased a new stake in Aurora Innovation during the 4th quarter worth $630,000. Mercer Global Advisors Inc. ADV acquired a new position in Aurora Innovation in the 4th quarter worth $84,000. Finally, Uber Technologies Inc acquired a new position in Aurora Innovation in the 4th quarter worth $2,053,632,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Down 0.5%

NASDAQ:AUR opened at $6.03 on Friday. The company has a market cap of $10.49 billion, a PE ratio of -12.83 and a beta of 2.76. The business’s 50 day moving average is $6.75 and its two-hundred day moving average is $6.85. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on AUR shares. Evercore ISI raised their target price 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. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Oppenheimer started coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an “outperform” rating and a $15.00 target price for the company. Finally, TD Cowen began coverage on shares of Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

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.