Aurora Innovation, Inc. $AUR Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,834,060 shares of the company’s stock after selling 299,980 shares during the period. Primecap Management Co. CA’s holdings in Aurora Innovation were worth $51,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Grimes & Company Inc. boosted its position in shares of Aurora Innovation by 18.2% in the 2nd quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC raised its stake in Aurora Innovation by 4.4% in the second quarter. Western Wealth Management LLC now owns 47,930 shares of the company’s stock valued at $251,000 after buying an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after acquiring an additional 2,085 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after acquiring an additional 2,774 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after acquiring an additional 3,568 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insiders Place Their Bets

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, the director directly owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. This trade represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.85% of the company’s stock.

Aurora Innovation Trading Up 0.5%

AUR opened at $3.83 on Thursday. Aurora Innovation, Inc. has a 12-month low of $3.68 and a 12-month high of $10.77. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $5.69. The firm has a market capitalization of $7.41 billion, a PE ratio of -8.51 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.23 million. During the same quarter in the previous year, the company earned ($0.13) EPS. As a group, analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on AUR. Oppenheimer reiterated an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.44.

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.