New York State Common Retirement Fund Increases Holdings in Aurora Innovation, Inc. $AUR

New York State Common Retirement Fund boosted its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 32.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 536,612 shares of the company’s stock after buying an additional 132,324 shares during the period. New York State Common Retirement Fund’s holdings in Aurora Innovation were worth $2,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AUR. Royal Bank of Canada boosted its holdings in shares of Aurora Innovation by 35.7% in the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock valued at $1,530,000 after acquiring an additional 59,801 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Aurora Innovation by 9.4% in the first quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock valued at $1,118,000 after purchasing an additional 14,220 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Aurora Innovation by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock worth $13,764,000 after purchasing an additional 127,953 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Aurora Innovation by 72.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 49,710 shares of the company’s stock valued at $260,000 after buying an additional 20,900 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insider Activity at Aurora Innovation

In other news, CEO Christopher Urmson acquired 258,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the purchase, the chief executive officer owned 258,000 shares in the company, valued at $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AUR. TD Cowen reissued a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. 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. The Goldman Sachs Group cut 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. Finally, Oppenheimer restated an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and a consensus price target of $10.06.

Aurora Innovation Trading Up 13.2%

AUR stock opened at $4.28 on Friday. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $10.77. The business’s 50-day moving average is $4.32 and its 200 day moving average is $5.01. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of -9.51 and a beta of 2.47.

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.