Aurora Innovation, Inc. $AUR Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 236.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 699,809 shares of the company’s stock after acquiring an additional 492,049 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Aurora Innovation were worth $3,667,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. increased its stake in Aurora Innovation by 40.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,581 shares of the company’s stock valued at $98,000 after purchasing an additional 4,227 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Aurora Innovation by 263.0% in the first quarter. Cetera Investment Advisers now owns 67,484 shares of the company’s stock valued at $454,000 after buying an additional 48,895 shares in the last quarter. LPL Financial LLC raised its stake in shares of Aurora Innovation by 33.9% during the 1st quarter. LPL Financial LLC now owns 381,531 shares of the company’s stock worth $2,566,000 after buying an additional 96,538 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Aurora Innovation in the 1st quarter worth about $243,000. Finally, US Bancorp DE grew its stake in Aurora Innovation by 33.8% in the 1st quarter. US Bancorp DE now owns 83,681 shares of the company’s stock valued at $563,000 after acquiring an additional 21,117 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the sale, the director directly owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. This trade represents a 11.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Urmson purchased 258,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was 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 $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 11.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AUR. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. TD Cowen cut their price objective on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group lowered 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. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of “Hold” and an average target price of $10.06.

Aurora Innovation Stock Performance

AUR stock opened at $4.57 on Friday. The stock has a market capitalization of $8.84 billion, a P/E ratio of -10.16 and a beta of 2.46. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $10.77. The company has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $5.45.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.23 million. During the same period in the prior year, the company earned ($0.13) EPS. Research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

About Aurora Innovation

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.