Bank of New York Mellon Corp Acquires 137,861 Shares of Aurora Innovation, Inc. $AUR

Bank of New York Mellon Corp boosted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,829,681 shares of the company’s stock after buying an additional 137,861 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Aurora Innovation worth $20,068,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after acquiring an additional 3,568 shares during the period. Farther Finance Advisors LLC boosted its position in Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after purchasing an additional 6,264 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Autumn Glory Partners LLC purchased a new position in Aurora Innovation in the second quarter valued at about $52,000. Finally, Legacy Financial Strategies LLC bought a new position in Aurora Innovation in the second quarter worth about $55,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Buying and Selling at Aurora Innovation

In related news, Director Brittany Bagley sold 50,000 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.85% of the stock is owned by insiders.

Aurora Innovation Price Performance

Shares of AUR stock opened at $4.13 on Monday. The business has a fifty day moving average of $5.26 and a 200 day moving average of $5.75. Aurora Innovation, Inc. has a 1 year low of $3.99 and a 1 year high of $10.77. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of -9.18 and a beta of 2.44.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on AUR shares. TD Cowen lowered their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.44.

Aurora Innovation Company 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.