Aurora Innovation, Inc. $AUR Shares Sold by Ethic Inc.

Ethic Inc. decreased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,088 shares of the company’s stock after selling 6,230 shares during the period. Ethic Inc.’s holdings in Aurora Innovation were worth $119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of Aurora Innovation in the first quarter valued at $17,152,000. Vanguard Group Inc. grew its position in shares of Aurora Innovation by 2.1% in the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock valued at $776,155,000 after purchasing an additional 2,392,995 shares during the period. Durable Capital Partners LP increased its stake in shares of Aurora Innovation by 17.0% during the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after acquiring an additional 2,165,114 shares during the last quarter. Berkshire Capital Holdings Inc. purchased a new position in Aurora Innovation during the first quarter worth approximately $10,273,000. Finally, Informed Momentum Co LLC acquired a new position in shares of Aurora Innovation in the 1st quarter valued at about $2,763,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AUR has been the subject of a number of research analyst reports. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. TD Cowen decreased their price target on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a report on Thursday. Finally, Cowen restated a “hold” rating on shares of Aurora Innovation in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average target price of $10.44.

Aurora Innovation Trading Up 2.7%

AUR opened at $5.24 on Friday. The stock has a market cap of $9.67 billion, a PE ratio of -11.64 and a beta of 2.45. Aurora Innovation, Inc. has a twelve month low of $4.75 and a twelve month high of $10.77. The business’s 50 day moving average is $5.53 and its 200-day moving average is $5.91.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same period in the previous year, the business posted ($0.13) earnings per share. As a group, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director John J. Donahoe bought 162,337 shares of the stock in a transaction 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 purchase, the director directly owned 162,337 shares in the company, valued at $990,255.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 11.85% of the company’s stock.

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.