Garden State Investment Advisory Services LLC Makes New Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Garden State Investment Advisory Services LLC bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the third quarter, Holdings Channel reports. The fund bought 32,484 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after acquiring an additional 12,466,085 shares during the last quarter. FMR LLC raised its holdings in shares of Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Aurora Innovation by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Aurora Innovation by 1.0% during the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after acquiring an additional 102,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after acquiring an additional 1,776,513 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insider Buying and Selling

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the sale, the director now owns 382,425 shares in the company, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is owned by corporate insiders.

Aurora Innovation Trading Down 6.3 %

Shares of Aurora Innovation stock opened at $6.06 on Tuesday. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $7.01. The business’s 50 day moving average price is $5.91 and its 200 day moving average price is $4.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.63.

Aurora Innovation Profile

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.