Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 141.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,608 shares of the company’s stock after acquiring an additional 256,677 shares during the period. Intech Investment Management LLC’s holdings in Aurora Innovation were worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AUR. Victory Capital Management Inc. boosted its stake in shares of Aurora Innovation by 9.9% in the third quarter. Victory Capital Management Inc. now owns 112,291 shares of the company’s stock worth $665,000 after acquiring an additional 10,092 shares during the last quarter. KBC Group NV increased its stake in shares of Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after acquiring an additional 7,595 shares during the last quarter. Swiss National Bank raised its holdings in shares of Aurora Innovation by 7.9% during the 3rd quarter. Swiss National Bank now owns 1,504,400 shares of the company’s stock worth $8,906,000 after acquiring an additional 109,500 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after acquiring an additional 1,776,513 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after purchasing an additional 491,125 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Up 7.5 %

Shares of NASDAQ AUR opened at $7.46 on Thursday. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of -15.87 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. The business’s 50 day moving average is $7.21 and its two-hundred day moving average is $6.44.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AUR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research note on Thursday, February 13th. Morgan Stanley assumed coverage on Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price objective on the stock. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Finally, TD Cowen assumed coverage on Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and an average target price of $8.08.

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.