QRG Capital Management Inc. bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,224 shares of the company’s stock, valued at approximately $80,000.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock valued at $776,155,000 after acquiring an additional 2,392,995 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of Aurora Innovation by 17.0% during the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock worth $100,352,000 after acquiring an additional 2,165,114 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Aurora Innovation by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company’s stock worth $58,654,000 after acquiring an additional 27,852 shares during the last quarter. Nuveen LLC acquired a new position in shares of Aurora Innovation during the 1st quarter worth approximately $17,152,000. Finally, ARK Investment Management LLC increased its holdings in shares of Aurora Innovation by 2.0% during the 1st quarter. ARK Investment Management LLC now owns 2,461,686 shares of the company’s stock worth $16,555,000 after acquiring an additional 49,333 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.
Aurora Innovation Stock Performance
Shares of Aurora Innovation stock opened at $5.16 on Monday. The firm has a 50-day moving average of $5.82 and a 200-day moving average of $6.02. The stock has a market cap of $9.52 billion, a PE ratio of -10.98 and a beta of 2.45. Aurora Innovation, Inc. has a 52-week low of $4.75 and a 52-week high of $10.77.
Aurora Innovation (NASDAQ:AUR – Get Free Report) last announced its earnings results on Wednesday, July 30th. 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 the consensus estimate of $0.50 million. Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Brittany Bagley sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the sale, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Donahoe bought 162,337 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company’s stock.
Aurora Innovation 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.
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