Vanguard Group Inc. Buys 4,740,588 Shares of Aurora Innovation, Inc. $AUR

Vanguard Group Inc. increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 142,749,144 shares of the company’s stock after purchasing an additional 4,740,588 shares during the quarter. Vanguard Group Inc. owned approximately 7.74% of Aurora Innovation worth $769,418,000 at the end of the most recent reporting period.

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

Aurora Innovation Stock Performance

Shares of AUR opened at $4.77 on Monday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of -10.60 and a beta of 2.47. The stock has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $4.90. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.48.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, February 11th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.47 million. As a group, research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AUR. Oppenheimer reissued an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. TD Cowen lowered their price objective on Aurora Innovation from $5.50 to $4.70 and set a “hold” rating on the stock in a research note on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.62.

Insider Activity

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

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.