American Century Companies Inc. Sells 9,099 Shares of Aurora Innovation, Inc. $AUR

American Century Companies Inc. lowered its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,883 shares of the company’s stock after selling 9,099 shares during the quarter. American Century Companies Inc.’s holdings in Aurora Innovation were worth $1,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Aurora Innovation in the first quarter valued at $32,000. Signaturefd LLC increased its position in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after buying an additional 3,527 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after buying an additional 2,085 shares during the last quarter. Finally, Retirement Planning Group LLC bought a new stake in Aurora Innovation in the 1st quarter worth approximately $70,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Aurora Innovation Trading Down 2.4%

Aurora Innovation stock opened at $5.66 on Thursday. The firm has a market cap of $10.44 billion, a P/E ratio of -12.04 and a beta of 2.48. Aurora Innovation, Inc. has a 1-year low of $3.81 and a 1-year high of $10.77. The firm has a 50-day moving average of $5.86 and a 200-day moving average of $6.36.

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

Aurora Innovation 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.