Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 147.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,922 shares of the company’s stock after acquiring an additional 3,527 shares during the period. GAMMA Investing LLC’s holdings in Aurora Innovation were worth $40,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AUR. Jones Financial Companies Lllp lifted its holdings in Aurora Innovation by 1,681.6% in the fourth quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company’s stock valued at $152,000 after acquiring an additional 22,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Aurora Innovation by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company’s stock worth $54,772,000 after purchasing an additional 269,120 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Aurora Innovation by 7.3% during the fourth quarter. Victory Capital Management Inc. now owns 120,485 shares of the company’s stock worth $759,000 after purchasing an additional 8,194 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Aurora Innovation during the fourth quarter worth $702,000. Finally, Amundi lifted its stake in Aurora Innovation by 37.1% during the fourth quarter. Amundi now owns 1,741,232 shares of the company’s stock worth $10,970,000 after purchasing an additional 470,856 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th. Oppenheimer began coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Canaccord Genuity Group increased their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Needham & Company LLC raised their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Aurora Innovation Trading Up 0.4%

AUR stock opened at $5.38 on Friday. The firm has a 50 day moving average of $6.01 and a 200-day moving average of $6.64. Aurora Innovation, Inc. has a 12-month low of $2.97 and a 12-month high of $10.77. The company has a market cap of $9.52 billion, a price-to-earnings ratio of -11.21 and a beta of 2.48.

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). Sell-side analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares of the company’s stock, valued at $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.85% of the stock is currently owned by company insiders.

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.