DNB Asset Management AS Has $2.90 Million Stock Holdings in Aurora Innovation, Inc. $AUR

DNB Asset Management AS increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 101.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 537,575 shares of the company’s stock after buying an additional 270,745 shares during the quarter. DNB Asset Management AS’s holdings in Aurora Innovation were worth $2,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC increased its holdings in shares of Aurora Innovation by 4.4% during the second quarter. Western Wealth Management LLC now owns 47,930 shares of the company’s stock valued at $251,000 after acquiring an additional 2,000 shares in the last quarter. Ascent Wealth Partners LLC grew its position in Aurora Innovation by 21.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 12,962 shares of the company’s stock valued at $70,000 after purchasing an additional 2,283 shares during the period. Cerity Partners LLC increased its stake in Aurora Innovation by 20.1% during the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock valued at $77,000 after purchasing an additional 2,458 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after buying an additional 2,774 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Aurora Innovation by 6.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 47,435 shares of the company’s stock valued at $256,000 after buying an additional 2,895 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Down 3.2%

AUR stock opened at $4.60 on Wednesday. The firm has a market cap of $8.96 billion, a PE ratio of -10.22 and a beta of 2.45. The business has a 50 day moving average of $4.43 and a 200-day moving average of $4.82. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.25.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.47 million. On average, research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. TD Cowen lowered their price objective on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group dropped their target price on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.34.

About Aurora Innovation

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.