BNP Paribas Financial Markets Has $10.41 Million Stock Holdings in Aurora Innovation, Inc. $AUR

BNP Paribas Financial Markets cut its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,709,543 shares of the company’s stock after selling 98,789 shares during the period. BNP Paribas Financial Markets’ holdings in Aurora Innovation were worth $10,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Aurora Innovation during the fourth quarter worth $32,055,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Aurora Innovation during the fourth quarter worth $39,000. Geode Capital Management LLC raised its position in shares of Aurora Innovation by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock worth $82,535,000 after purchasing an additional 1,498,515 shares during the period. Legal & General Group Plc raised its position in shares of Aurora Innovation by 3.0% during the fourth quarter. Legal & General Group Plc now owns 1,128,011 shares of the company’s stock worth $4,332,000 after purchasing an additional 33,366 shares during the period. Finally, Simplify Asset Management Inc. acquired a new stake in shares of Aurora Innovation during the fourth quarter worth $42,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AUR. Northland Securities assumed coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 target price on the stock. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Craig Hallum assumed coverage on Aurora Innovation in a report on Friday. They set a “buy” rating and a $18.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $12.25.

Insider Buying and Selling

In other Aurora Innovation news, Director Reid Hoffman sold 5,498,487 shares of the business’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 owned 77,500 shares in the company, valued at $605,275. The trade was a 98.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 7,048,487 shares of company stock valued at $54,295,119 in the last quarter. Insiders own 8.52% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ AUR opened at $6.26 on Tuesday. The business’s 50-day moving average price is $5.91 and its two-hundred day moving average price is $4.89. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The company has a market capitalization of $12.28 billion, a P/E ratio of -14.23 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.97 million. The business’s revenue for the quarter was down 66.7% compared to the same quarter last year. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Aurora Innovation Company 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.