Aurora Innovation, Inc. (NASDAQ:AUR) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS grew its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 61.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 342,081 shares of the company’s stock after acquiring an additional 129,816 shares during the quarter. DnB Asset Management AS’s holdings in Aurora Innovation were worth $2,155,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Twin Tree Management LP increased its position in Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the third quarter valued at about $60,000. Reynders McVeigh Capital Management LLC bought a new position in Aurora Innovation in the 3rd quarter valued at about $63,000. Finally, Grimes & Company Inc. acquired a new position in Aurora Innovation during the 4th quarter valued at about $63,000. Institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of research analyst reports. Morgan Stanley started coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an “overweight” rating and a $12.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI boosted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 18th. Oppenheimer assumed coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, TD Cowen began coverage on shares of Aurora Innovation in a report on Friday, March 7th. They set a “hold” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average target price of $9.07.

Aurora Innovation Price Performance

AUR stock opened at $6.73 on Wednesday. The firm has a market capitalization of $11.71 billion, a P/E ratio of -14.32 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 company’s 50 day simple moving average is $7.27 and its 200-day simple moving average is $6.63.

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. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 EPS 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.