World Investment Advisors Invests $176,000 in Aurora Innovation, Inc. $AUR

World Investment Advisors acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,563 shares of the company’s stock, valued at approximately $176,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUR. Nuveen LLC bought a new position in shares of Aurora Innovation in the first quarter worth about $17,152,000. Vanguard Group Inc. increased its position in Aurora Innovation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after purchasing an additional 2,392,995 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Aurora Innovation by 54.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,170,556 shares of the company’s stock worth $32,334,000 after purchasing an additional 2,173,549 shares in the last quarter. Durable Capital Partners LP lifted its stake in Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after purchasing an additional 2,165,114 shares during the last quarter. Finally, Berkshire Capital Holdings Inc. bought a new position in Aurora Innovation in the 1st quarter valued at approximately $10,273,000. Institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AUR shares. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and set a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.44.

Aurora Innovation Trading Down 0.7%

Shares of AUR opened at $4.46 on Thursday. The stock has a market capitalization of $8.23 billion, a P/E ratio of -9.91 and a beta of 2.44. The firm’s fifty day simple moving average is $5.46 and its two-hundred day simple moving average is $5.88. Aurora Innovation, Inc. has a 12 month low of $4.30 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate 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 period last year, the business posted ($0.13) earnings per share. As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director directly owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.85% of the company’s stock.

About Aurora Innovation

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.