Aurora Innovation (NASDAQ:AUR) Trading Down 5.8%

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price dropped 5.8% on Wednesday . The stock traded as low as $3.38 and last traded at $3.40. Approximately 3,582,580 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 8,750,787 shares. The stock had previously closed at $3.61.

Aurora Innovation Trading Down 1.4 %

The company has a market cap of $5.65 billion, a price-to-earnings ratio of -6.62 and a beta of 2.76. The stock’s 50-day moving average is $3.30 and its 200-day moving average is $2.96.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of AUR. Parallel Advisors LLC increased its holdings in Aurora Innovation by 91.9% during the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock worth $31,000 after purchasing an additional 3,400 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after buying an additional 4,702 shares in the last quarter. Empowered Funds LLC raised its position in Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after buying an additional 5,386 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Aurora Innovation by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after acquiring an additional 7,624 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Aurora Innovation by 4.6% during the 1st quarter. American International Group Inc. now owns 176,045 shares of the company’s stock worth $496,000 after acquiring an additional 7,773 shares during the last quarter. Institutional investors own 44.71% 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.