Bank of New York Mellon Corp Cuts Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Bank of New York Mellon Corp trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AURFree Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,691,820 shares of the company’s stock after selling 198,333 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Aurora Innovation worth $24,827,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Twin Tree Management LP increased its position in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the first quarter worth approximately $32,000. GAMMA Investing LLC increased its position in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after purchasing an additional 3,527 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Aurora Innovation during the fourth quarter worth approximately $65,000. Finally, Bank of Montreal Can purchased a new stake in shares of Aurora Innovation during the fourth quarter worth approximately $66,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director owned 330,425 shares of the company’s stock, valued at $1,956,116. This 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AUR. The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Canaccord Genuity Group boosted their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Oppenheimer initiated coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Aurora Innovation presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

Check Out Our Latest Report on Aurora Innovation

Aurora Innovation Stock Performance

NASDAQ AUR opened at $6.06 on Thursday. The stock’s fifty day moving average is $5.86 and its two-hundred day moving average is $6.60. The firm has a market capitalization of $10.72 billion, a P/E ratio of -12.63 and a beta of 2.48. Aurora Innovation, Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $10.77.

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

Aurora Innovation Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Aurora Innovation (NASDAQ:AUR)

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