State of New Jersey Common Pension Fund D Has $1.81 Million Holdings in Aurora Innovation, Inc. $AUR

State of New Jersey Common Pension Fund D raised its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 345,573 shares of the company’s stock after buying an additional 10,193 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Aurora Innovation were worth $1,811,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its stake in Aurora Innovation by 11.0% in the second quarter. ARK Investment Management LLC now owns 2,732,200 shares of the company’s stock valued at $14,317,000 after buying an additional 270,514 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Aurora Innovation during the first quarter worth approximately $929,000. Bouvel Investment Partners LLC acquired a new position in shares of Aurora Innovation during the second quarter worth approximately $697,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Aurora Innovation during the first quarter worth approximately $706,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Aurora Innovation during the second quarter worth approximately $251,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $5.24 on Friday. The company has a market capitalization of $9.67 billion, a PE ratio of -11.64 and a beta of 2.45. The business has a fifty day moving average price of $5.53 and a two-hundred day moving average price of $5.91. Aurora Innovation, Inc. has a 1 year low of $4.75 and a 1 year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data 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 business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.23 million. During the same quarter last year, the company earned ($0.13) EPS. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AUR. TD Cowen lowered their target price on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.44.

Insiders Place Their Bets

In other Aurora Innovation news, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the purchase, the director directly owned 162,337 shares of the company’s stock, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares of the company’s stock, valued at $2,147,225.08. This trade represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. 11.85% of the stock is owned by corporate insiders.

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.