Geode Capital Management LLC Purchases 577,704 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Geode Capital Management LLC lifted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 23,374,230 shares of the company’s stock after buying an additional 577,704 shares during the period. Geode Capital Management LLC’s holdings in Aurora Innovation were worth $147,292,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after acquiring an additional 1,723 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock valued at $135,000 after purchasing an additional 2,216 shares during the period. Twin Tree Management LP boosted its position in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after purchasing an additional 3,047 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in Aurora Innovation by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock valued at $859,000 after purchasing an additional 4,154 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AUR. TD Cowen started coverage on Aurora Innovation in a research report on Friday, March 7th. They set a “hold” rating and a $8.00 target price for the company. Evercore ISI upped their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They set an “outperform” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Aurora Innovation presently has an average rating of “Hold” and a consensus target price of $9.07.

Aurora Innovation Trading Up 4.0 %

AUR opened at $5.91 on Tuesday. The firm’s fifty day simple moving average is $7.22 and its 200 day simple moving average is $6.67. The stock has a market capitalization of $10.29 billion, a P/E ratio of -12.57 and a beta of 2.77. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities research 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.