Nuveen Asset Management LLC Sells 121,364 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Nuveen Asset Management LLC decreased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,590,185 shares of the company’s stock after selling 121,364 shares during the period. Nuveen Asset Management LLC owned about 0.15% of Aurora Innovation worth $16,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Uber Technologies Inc bought a new stake in shares of Aurora Innovation in the 4th quarter worth $2,053,632,000. Lightspeed Management Company L.L.C. bought a new stake in shares of Aurora Innovation in the fourth quarter worth $74,003,000. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock worth $712,029,000 after acquiring an additional 2,687,191 shares during the period. Swiss National Bank grew its holdings in shares of Aurora Innovation by 22.3% in the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock worth $11,588,000 after acquiring an additional 335,000 shares during the period. Finally, ARK Investment Management LLC grew its holdings in shares of Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after acquiring an additional 312,144 shares during the period. Institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AUR. 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. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Evercore ISI boosted their price target on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Needham & Company LLC boosted their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

Aurora Innovation Stock Down 1.5%

Shares of Aurora Innovation stock opened at $5.94 on Monday. The stock’s 50-day simple moving average is $6.73 and its 200-day simple moving average is $6.87. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $10.77. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of -12.64 and a beta of 2.76.

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

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.