Clare Market Investments LLC Has $4.64 Million Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Clare Market Investments LLC grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 690,558 shares of the company’s stock after buying an additional 38,100 shares during the quarter. Aurora Innovation makes up 1.2% of Clare Market Investments LLC’s portfolio, making the stock its 18th largest position. Clare Market Investments LLC’s holdings in Aurora Innovation were worth $4,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Tree Management LP increased its position in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the period. Yousif Capital Management LLC acquired a new stake in Aurora Innovation in the fourth quarter worth about $65,000. Avantax Advisory Services Inc. acquired a new stake in Aurora Innovation in the fourth quarter worth about $65,000. Bank of Montreal Can acquired a new stake in Aurora Innovation in the fourth quarter worth about $66,000. Finally, Winebrenner Capital Management LLC acquired a new stake in Aurora Innovation in the fourth quarter worth about $70,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

Shares of AUR opened at $5.81 on Thursday. The stock has a 50 day simple moving average of $6.52 and a 200 day simple moving average of $6.88. Aurora Innovation, Inc. has a 52-week low of $2.12 and a 52-week high of $10.77. The firm has a market capitalization of $10.28 billion, a PE ratio of -12.36 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AUR has been the subject of several analyst reports. Evercore ISI boosted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 18th. Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Morgan Stanley initiated coverage on Aurora Innovation in a research report on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Aurora Innovation currently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

About Aurora Innovation

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.