Financial Planning Fort Collins LLC cut its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR – Free Report) by 52.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,280 shares of the company’s stock after selling 104,822 shares during the quarter. Aurora Innovation accounts for 0.4% of Financial Planning Fort Collins LLC’s investment portfolio, making the stock its 22nd largest position. Financial Planning Fort Collins LLC’s holdings in Aurora Innovation were worth $586,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after acquiring an additional 17,818,179 shares during the period. Bank of America Corp DE raised its stake in shares of Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after acquiring an additional 16,975,927 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after acquiring an additional 16,933,373 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Aurora Innovation by 2,068.8% in the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after purchasing an additional 10,724,682 shares during the period. Finally, SC US Ttgp LTD. purchased a new position in Aurora Innovation in the fourth quarter valued at $33,830,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.
Wall Street Analyst Weigh In
AUR has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Finally, TD Cowen raised their target price on shares of Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average target price of $12.22.
Aurora Innovation Trading Down 0.4%
Shares of NASDAQ:AUR opened at $6.95 on Wednesday. The company has a market capitalization of $13.93 billion, a PE ratio of -14.79 and a beta of 2.64. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The firm has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $5.58.
Aurora Innovation (NASDAQ:AUR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The company’s quarterly revenue was up 100.0% on a year-over-year basis. As a group, equities research analysts predict that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.
Insider Buying and Selling at Aurora Innovation
In other Aurora Innovation news, Director Michelangelo Volpi sold 1,854,322 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $7.05, for a total value of $13,072,970.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 5,498,487 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the transaction, the director directly owned 77,500 shares in the company, valued at approximately $605,275. The trade was a 98.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,117,292 shares of company stock worth $68,882,054 over the last 90 days. Corporate insiders own 8.52% of the company’s stock.
Aurora Innovation 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.
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