Cibc World Markets Corp Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Cibc World Markets Corp purchased a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 89,852 shares of the company’s stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc raised its position in Aurora Innovation by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after purchasing an additional 1,723 shares during the last quarter. Corient Private Wealth LLC raised its position in Aurora Innovation by 11.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock valued at $135,000 after purchasing an additional 2,216 shares during the last quarter. Twin Tree Management LP raised its position in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. Glenmede Trust Co. NA raised its position in Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after purchasing an additional 4,054 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in Aurora Innovation by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock valued at $859,000 after purchasing an additional 4,154 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Finally, TD Cowen initiated coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a “hold” rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.08.

Aurora Innovation Stock Up 1.3 %

Aurora Innovation stock opened at $7.23 on Friday. The company has a market capitalization of $12.58 billion, a P/E ratio of -15.38 and a beta of 2.82. The stock’s 50 day moving average is $7.20 and its 200 day moving average is $6.48. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current 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.