Amalgamated Bank Grows Position in Aurora Innovation, Inc. $AUR

Amalgamated Bank increased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 49.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,784 shares of the company’s stock after purchasing an additional 16,537 shares during the quarter. Amalgamated Bank’s holdings in Aurora Innovation were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AUR. Vanguard Group Inc. boosted its stake in Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after acquiring an additional 2,392,995 shares in the last quarter. Durable Capital Partners LP lifted its stake in shares of Aurora Innovation by 17.0% in the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock worth $100,352,000 after buying an additional 2,165,114 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company’s stock valued at $58,654,000 after buying an additional 27,852 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Aurora Innovation by 54.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,170,556 shares of the company’s stock worth $32,334,000 after acquiring an additional 2,173,549 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in Aurora Innovation by 11.0% in the 2nd quarter. ARK Investment Management LLC now owns 2,732,200 shares of the company’s stock valued at $14,317,000 after acquiring an additional 270,514 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, the director directly owned 398,372 shares in the company, valued at $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.85% of the stock is owned by company insiders.

Aurora Innovation Stock Up 2.1%

Shares of Aurora Innovation stock opened at $4.32 on Friday. The firm has a market cap of $7.97 billion, a PE ratio of -9.60 and a beta of 2.44. The business’s fifty day simple moving average is $5.40 and its 200-day simple moving average is $5.86. Aurora Innovation, Inc. has a 52 week low of $4.04 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released 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 company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same period last year, the firm posted ($0.13) earnings per share. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. TD Cowen reduced their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average target price of $10.44.

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.