Cibc World Markets Corp Purchases Shares of 89,852 Aurora Innovation, Inc. (NASDAQ:AUR)

Cibc World Markets Corp purchased a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 89,852 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds have also bought and sold shares of AUR. Twin Tree Management LP boosted its stake in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC raised its position 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 valued at $44,000 after purchasing an additional 4,955 shares during the period. Grimes & Company Inc. purchased a new stake in Aurora Innovation during the fourth quarter valued at approximately $63,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the 3rd quarter worth approximately $60,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $65,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock opened at $7.23 on Friday. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $10.77. The stock’s fifty day moving average price is $7.20 and its 200 day moving average price is $6.48. The company has a market cap of $12.58 billion, a price-to-earnings ratio of -15.38 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 for the quarter. As a group, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AUR shares. Evercore ISI raised their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. Canaccord Genuity Group lifted their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, TD Cowen started coverage on Aurora Innovation in a report on Friday, March 7th. They issued a “hold” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.08.

Aurora Innovation 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.