United Bank Buys Shares of 11,164 Aurora Innovation, Inc. (NASDAQ:AUR)

United Bank acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, Holdings Channel reports. The fund acquired 11,164 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aurora Innovation during the fourth quarter worth $1,357,000. DnB Asset Management AS raised its holdings in Aurora Innovation by 61.2% in the 4th quarter. DnB Asset Management AS now owns 342,081 shares of the company’s stock valued at $2,155,000 after buying an additional 129,816 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Aurora Innovation by 25.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 133,607 shares of the company’s stock worth $842,000 after buying an additional 27,091 shares during the period. Norges Bank bought a new stake in Aurora Innovation during the 4th quarter worth approximately $45,772,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Aurora Innovation in the 4th quarter valued at approximately $397,000. Institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of recent research reports. Oppenheimer began coverage on shares of Aurora Innovation in a report on Thursday. They set an “outperform” rating and a $15.00 price target on the stock. Morgan Stanley began coverage on Aurora Innovation in a report on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price on the stock. TD Cowen began coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a “hold” rating and a $8.00 price target for the company. Evercore ISI upped their target price 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, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Aurora Innovation in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Aurora Innovation has an average rating of “Hold” and a consensus price target of $9.07.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.68 on Friday. The stock’s 50 day moving average price is $7.28 and its two-hundred day moving average price is $6.59. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of -14.21 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.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current 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.