1,178,653 Shares in Aurora Innovation, Inc. $AUR Acquired by Shah Wealth Advisors LLC

Shah Wealth Advisors LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,178,653 shares of the company’s stock, valued at approximately $8,038,000. Aurora Innovation accounts for approximately 1.9% of Shah Wealth Advisors LLC’s portfolio, making the stock its 16th largest holding.

A number of other large investors have also recently modified their holdings of AUR. Royal Bank of Canada raised its holdings in shares of Aurora Innovation by 35.7% during the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock worth $1,530,000 after buying an additional 59,801 shares in the last quarter. AQR Capital Management LLC boosted its stake in Aurora Innovation by 9.4% in the first quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock valued at $1,118,000 after buying an additional 14,220 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Aurora Innovation by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock valued at $13,764,000 after buying an additional 127,953 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after acquiring an additional 2,774 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Aurora Innovation by 66.5% during the second quarter. Cetera Investment Advisers now owns 112,351 shares of the company’s stock worth $589,000 after acquiring an additional 44,867 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 0.3%

Aurora Innovation stock opened at $6.34 on Friday. The stock has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $5.80. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The company has a market capitalization of $12.71 billion, a PE ratio of -13.49 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The firm had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.66 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The business’s revenue for the quarter was up 100.0% on a year-over-year basis. As a group, analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

AUR has been the topic of a number of research analyst reports. Craig Hallum began coverage on shares of Aurora Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $18.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price objective on shares of Aurora Innovation in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Northland Securities assumed coverage on shares of Aurora Innovation in a report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target for the company. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Aurora Innovation has a consensus rating of “Hold” and an average target price of $12.22.

Insider Buying and Selling

In other Aurora Innovation news, Director David M. Wehner purchased 82,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $6.04 per share, for a total transaction of $498,300.00. Following the transaction, the director owned 246,519 shares in the company, valued at $1,488,974.76. The trade was a 50.30% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelangelo Volpi sold 2,842,682 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 6,390,753 shares of company stock valued at $44,826,378. 8.52% of the stock is owned by company insiders.

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.