Aurora Innovation, Inc. $AUR Shares Bought by Magnetar Financial LLC

Magnetar Financial LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 174.1% during the second quarter, Holdings Channel reports. The fund owned 43,130 shares of the company’s stock after purchasing an additional 27,392 shares during the quarter. Magnetar Financial LLC’s holdings in Aurora Innovation were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUR. Grimes & Company Inc. raised its stake in Aurora Innovation by 18.2% in the 2nd quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock valued at $68,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC raised its position in shares of 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. lifted its stake in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after buying an additional 2,085 shares during the period. Envestnet Asset Management Inc. boosted its position in 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, Abel Hall LLC grew its stake in Aurora Innovation by 26.5% in the 2nd quarter. Abel Hall LLC now owns 20,054 shares of the company’s stock worth $105,000 after acquiring an additional 4,207 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $4.05 on Thursday. The business has a 50-day moving average of $4.96 and a two-hundred day moving average of $5.56. The firm has a market capitalization of $7.84 billion, a PE ratio of -9.00 and a beta of 2.44. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, CEO Christopher Urmson bought 258,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the purchase, the chief executive officer owned 258,000 shares in the company, valued at approximately $1,001,040. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of recent analyst reports. Cowen reissued a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.06.

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.