Baillie Gifford & Co. Lowers Position in Aurora Innovation, Inc. $AUR

Baillie Gifford & Co. lessened its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,554,014 shares of the company’s stock after selling 1,046,301 shares during the quarter. Baillie Gifford & Co. owned about 4.09% of Aurora Innovation worth $407,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AUR. Farther Finance Advisors LLC raised its stake in Aurora Innovation by 463.3% in 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. N.E.W. Advisory Services LLC bought a new position in shares of Aurora Innovation in the 3rd quarter worth $44,000. Autumn Glory Partners LLC purchased a new stake in shares of Aurora Innovation during the 2nd quarter valued at $52,000. Evolution Wealth Advisors LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter worth $52,000. Finally, Ervin Investment Management LLC purchased a new position in Aurora Innovation in the third quarter worth $54,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Christopher Urmson purchased 258,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the acquisition, the chief executive officer directly owned 258,000 shares in the company, valued at approximately $1,001,040. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AUR shares. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of Aurora Innovation in a research report 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. TD Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.06.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $4.58 on Friday. The business’s 50 day simple moving average is $4.26 and its two-hundred day simple moving average is $5.13. The stock has a market capitalization of $8.86 billion, a P/E ratio of -10.18 and a beta of 2.47. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $10.77.

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

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.