Aurora Innovation, Inc. $AUR Stake Lessened by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,683,103 shares of the company’s stock after selling 5,890,200 shares during the quarter. Geode Capital Management LLC’s holdings in Aurora Innovation were worth $98,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUR. Nuveen LLC acquired a new stake in Aurora Innovation in the first quarter worth approximately $17,152,000. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after buying an additional 2,392,995 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Aurora Innovation by 54.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,170,556 shares of the company’s stock worth $32,334,000 after buying an additional 2,173,549 shares in the last quarter. Durable Capital Partners LP lifted its holdings in shares of Aurora Innovation by 17.0% in the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after buying an additional 2,165,114 shares during the period. Finally, Berkshire Capital Holdings Inc. bought a new position in Aurora Innovation during the first quarter valued at about $10,273,000. Institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. TD Cowen cut their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.44.

Aurora Innovation Price Performance

Shares of AUR opened at $3.78 on Friday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $10.77. The company has a market capitalization of $7.32 billion, a PE ratio of -8.40 and a beta of 2.44. The company’s fifty day moving average price is $5.08 and its 200 day moving average price is $5.65.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.23 million. During the same period last year, the business earned ($0.13) EPS. Analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In related news, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, the director directly owned 398,372 shares of the company’s stock, valued at $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.85% of the company’s stock.

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.