Permanent Capital Management LP Invests $3.78 Million in Aurora Innovation, Inc. (NASDAQ:AUR)

Permanent Capital Management LP bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 600,200 shares of the company’s stock, valued at approximately $3,781,000. Aurora Innovation makes up approximately 1.2% of Permanent Capital Management LP’s portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its holdings in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after acquiring an additional 4,955 shares in the last quarter. Souders Financial Advisors bought a new position in Aurora Innovation during the third quarter worth about $59,000. Grimes & Company Inc. bought a new position in Aurora Innovation during the fourth quarter worth about $63,000. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation during the third quarter worth about $60,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at about $65,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AUR has been the topic of several recent research reports. Morgan Stanley initiated coverage on Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. TD Cowen initiated coverage on Aurora Innovation in a research note on Friday. They issued a “hold” rating and a $8.00 price target on the stock. Finally, Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.08.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $7.10 on Friday. The stock’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $6.28. The company has a market cap of $12.36 billion, a P/E ratio of -15.11 and a beta of 2.82. Aurora Innovation, Inc. has a 52-week low of $2.10 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, equities analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

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.