Havemeyer Place LP Invests $477,000 in Aurora Innovation, Inc. $AUR

Havemeyer Place LP bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 124,346 shares of the company’s stock, valued at approximately $477,000.

Other hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc grew its stake in Aurora Innovation by 6.1% during the fourth quarter. TD Asset Management Inc now owns 1,402,644 shares of the company’s stock worth $5,386,000 after buying an additional 80,768 shares during the period. CIBC Asset Management Inc raised its stake in shares of Aurora Innovation by 61.3% in the 4th quarter. CIBC Asset Management Inc now owns 58,579 shares of the company’s stock valued at $225,000 after acquiring an additional 22,251 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Aurora Innovation by 4.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 17,770,780 shares of the company’s stock valued at $68,240,000 after acquiring an additional 720,987 shares in the last quarter. AXQ Capital LP purchased a new stake in Aurora Innovation during the 4th quarter worth $344,000. Finally, Lingotto Investment Management LLP increased its holdings in Aurora Innovation by 34.1% in the 4th quarter. Lingotto Investment Management LLP now owns 8,153,945 shares of the company’s stock valued at $31,311,000 after purchasing an additional 2,072,366 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AUR. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. TD Cowen increased their target price on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. The Goldman Sachs Group raised their target price on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Northland Securities initiated coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, Wall Street Zen cut Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.25.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.16 on Wednesday. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of -14.00 and a beta of 2.62. The firm’s fifty day moving average price is $5.95 and its 200 day moving average price is $4.91.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $0.97 million. The firm’s revenue was down 66.7% on a year-over-year basis. Analysts forecast that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Reid Hoffman sold 5,498,487 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the transaction, the director owned 77,500 shares of the company’s stock, valued at approximately $605,275. This represents a 98.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 7,048,487 shares of company stock valued at $54,295,119 over the last ninety days. Corporate insiders own 8.52% 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.