US Bancorp DE Boosts Stake in Aurora Innovation, Inc. (NASDAQ:AUR)

US Bancorp DE raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 33.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,681 shares of the company’s stock after buying an additional 21,117 shares during the quarter. US Bancorp DE’s holdings in Aurora Innovation were worth $563,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in shares of Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock valued at $83,000 after acquiring an additional 1,717 shares during the last quarter. United Bank raised its stake in Aurora Innovation by 17.0% during the first quarter. United Bank now owns 13,064 shares of the company’s stock valued at $88,000 after purchasing an additional 1,900 shares in the last quarter. Principal Financial Group Inc. lifted its position in Aurora Innovation by 3.0% during the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company’s stock valued at $475,000 after purchasing an additional 2,061 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Aurora Innovation by 3.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company’s stock valued at $619,000 after purchasing an additional 3,360 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after buying an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.24 on Tuesday. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of -13.28 and a beta of 2.49. The firm has a 50-day moving average of $5.72 and a two-hundred day moving average of $6.50. Aurora Innovation, Inc. has a 1 year low of $3.36 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. Research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Transactions at Aurora Innovation

In related news, Director John J. Donahoe acquired 162,337 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares in the company, valued at $1,956,116. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Canaccord Genuity Group raised 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. Finally, Needham & Company LLC lifted their price objective on shares of 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Aurora Innovation Company 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.