Swiss National Bank Grows Stake in Aurora Innovation, Inc. $AUR

Swiss National Bank grew its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,369,900 shares of the company’s stock after acquiring an additional 142,700 shares during the quarter. Swiss National Bank’s holdings in Aurora Innovation were worth $9,764,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AUR. Ascent Wealth Partners LLC increased its stake in Aurora Innovation by 9.6% during the 1st quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock valued at $65,000 after purchasing an additional 1,389 shares in the last quarter. Abel Hall LLC lifted its stake in shares of Aurora Innovation by 21.0% in the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock worth $52,000 after buying an additional 2,356 shares in the last quarter. World Investment Advisors lifted its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock worth $134,000 after buying an additional 2,406 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Aurora Innovation by 20.1% in the second quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock worth $77,000 after buying an additional 2,458 shares in the last quarter. Finally, Finivi Inc. grew its holdings in shares of Aurora Innovation by 2.5% during the fourth quarter. Finivi Inc. now owns 104,911 shares of the company’s stock valued at $403,000 after buying an additional 2,530 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AUR. Wall Street Zen downgraded shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 price target on shares of Aurora Innovation in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.22.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 5,498,487 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.81, for a total value of $42,943,183.47. Following the transaction, the director owned 77,500 shares in the company, valued at $605,275. This represents a 98.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Wehner acquired 82,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $6.04 per share, for a total transaction of $498,300.00. Following the acquisition, the director owned 246,519 shares of the company’s stock, valued at $1,488,974.76. The trade was a 50.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 7,048,487 shares of company stock worth $54,295,119 in the last quarter. Company insiders own 8.52% of the company’s stock.

Aurora Innovation Stock Performance

AUR stock opened at $5.95 on Monday. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.56. The business’s 50-day moving average is $6.53 and its two-hundred day moving average is $5.41. The company has a market cap of $11.67 billion, a price-to-earnings ratio of -13.52 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.Aurora Innovation’s revenue was down 66.7% compared to the same quarter last year. Equities analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Aurora Innovation 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.