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

Intech Investment Management LLC increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 141.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 437,608 shares of the company’s stock after acquiring an additional 256,677 shares during the quarter. Intech Investment Management LLC’s holdings in Aurora Innovation were worth $2,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company’s stock valued at $8,172,000 after acquiring an additional 394,933 shares in the last quarter. Citigroup Inc. boosted its stake in 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 acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Aurora Innovation by 26.7% in the third 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 in the last quarter. ARK Investment Management LLC boosted its stake in Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock valued at $15,198,000 after acquiring an additional 312,144 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after buying an additional 2,920,653 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AUR. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. Evercore ISI increased their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday, February 18th. Morgan Stanley began coverage on shares of Aurora Innovation in a report on Monday, March 3rd. They issued an “overweight” rating and a $12.00 target price for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.08.

Aurora Innovation Price Performance

Shares of AUR opened at $7.46 on Thursday. The firm has a 50 day simple moving average of $7.21 and a 200-day simple moving average of $6.44. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of -15.87 and a beta of 2.82.

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. On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

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.