Amova Asset Management Americas Inc. Acquires 1,083,373 Shares of Aurora Innovation, Inc. $AUR

Amova Asset Management Americas Inc. lifted its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 17.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,253,929 shares of the company’s stock after acquiring an additional 1,083,373 shares during the period. Amova Asset Management Americas Inc. owned approximately 0.37% of Aurora Innovation worth $39,099,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. ARK Investment Management LLC lifted its position in shares of Aurora Innovation by 73.6% during the 3rd quarter. ARK Investment Management LLC now owns 4,743,215 shares of the company’s stock worth $25,566,000 after buying an additional 2,011,015 shares during the period. Victory Capital Management Inc. raised its stake in Aurora Innovation by 6.3% during the third quarter. Victory Capital Management Inc. now owns 124,200 shares of the company’s stock worth $669,000 after acquiring an additional 7,385 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Aurora Innovation by 12.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 287,000 shares of the company’s stock valued at $1,547,000 after purchasing an additional 32,600 shares during the last quarter. Xponance Inc. grew its stake in Aurora Innovation by 9.2% during the third quarter. Xponance Inc. now owns 53,169 shares of the company’s stock worth $287,000 after buying an additional 4,470 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in Aurora Innovation during the third quarter worth about $54,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on AUR shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 12th. 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 research report on Wednesday, November 26th. TD Cowen decreased their price target on shares of Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a research note on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, two have given 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 an average target price of $10.34.

Aurora Innovation Trading Down 2.4%

Shares of Aurora Innovation stock opened at $4.49 on Thursday. The stock’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $4.82. The company has a market capitalization of $8.75 billion, a PE ratio of -9.98 and a beta of 2.45. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.25.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.47 million. Analysts predict that Aurora Innovation, Inc. will post -0.49 EPS 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.