FORA Capital LLC Invests $95,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

FORA Capital LLC purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,068 shares of the company’s stock, valued at approximately $95,000.

Other institutional investors have also modified their holdings of the company. Uber Technologies Inc purchased a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $2,053,632,000. Norges Bank bought a new position in Aurora Innovation in the 4th quarter worth about $45,772,000. Price T Rowe Associates Inc. MD increased its position in shares of Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock worth $168,030,000 after acquiring an additional 3,237,609 shares during the period. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock valued at $712,029,000 after acquiring an additional 2,687,191 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after purchasing an additional 1,753,757 shares during the period. 44.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AUR has been the subject of several research reports. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Morgan Stanley initiated coverage on shares of Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised shares of Aurora Innovation from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $3.00 to $6.00 in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Aurora Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $10.63.

Aurora Innovation Stock Down 6.1 %

Shares of AUR opened at $7.28 on Friday. The company has a 50 day moving average of $6.76 and a two-hundred day moving average of $6.82. Aurora Innovation, Inc. has a twelve month low of $2.10 and a twelve month high of $10.77. The company has a market cap of $12.67 billion, a price-to-earnings ratio of -15.49 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). On average, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS 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.