T. Rowe Price Investment Management Inc. Has $1.39 Billion Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

T. Rowe Price Investment Management Inc. cut its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 221,022,476 shares of the company’s stock after selling 5,563,940 shares during the quarter. Aurora Innovation makes up approximately 0.9% of T. Rowe Price Investment Management Inc.’s holdings, making the stock its 20th biggest holding. T. Rowe Price Investment Management Inc. owned approximately 0.13% of Aurora Innovation worth $1,392,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Aurora Innovation by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after purchasing an additional 394,933 shares in the last quarter. Vanguard Group Inc. boosted its position in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock valued at $712,029,000 after buying an additional 2,687,191 shares in the last quarter. Swiss National Bank grew its stake in shares of Aurora Innovation by 22.3% during the fourth quarter. Swiss National Bank now owns 1,839,400 shares of the company’s stock worth $11,588,000 after buying an additional 335,000 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Aurora Innovation by 14.9% during the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after buying an additional 312,144 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Aurora Innovation in the 4th quarter valued at $702,000. Institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AUR. Evercore ISI increased their target price on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Tuesday, February 18th. Needham & Company LLC initiated coverage on shares of Aurora Innovation in a report on Tuesday, April 15th. They set a “buy” rating and a $10.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday, February 13th. TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective for the company. Finally, Oppenheimer initiated coverage on Aurora Innovation in a research report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.63.

Aurora Innovation Price Performance

NASDAQ AUR opened at $6.15 on Wednesday. The stock has a market capitalization of $10.70 billion, a P/E ratio of -13.09 and a beta of 2.77. The business has a 50 day simple moving average of $6.95 and a 200 day simple moving average of $6.70. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Aurora Innovation Company 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.