Financial Advocates Investment Management Buys Shares of 13,800 Aurora Innovation, Inc. $AUR

Financial Advocates Investment Management bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,800 shares of the company’s stock, valued at approximately $72,000.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Aurora Innovation during the 1st quarter worth approximately $82,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Aurora Innovation during the first quarter worth $677,000. Avantax Advisory Services Inc. raised its holdings in shares of Aurora Innovation by 40.8% in the first quarter. Avantax Advisory Services Inc. now owns 14,581 shares of the company’s stock worth $98,000 after acquiring an additional 4,227 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Aurora Innovation by 263.0% in the first quarter. Cetera Investment Advisers now owns 67,484 shares of the company’s stock valued at $454,000 after acquiring an additional 48,895 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Aurora Innovation by 33.9% during the first quarter. LPL Financial LLC now owns 381,531 shares of the company’s stock valued at $2,566,000 after acquiring an additional 96,538 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $4.21 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $10.77. The stock has a market capitalization of $8.14 billion, a P/E ratio of -9.34 and a beta of 2.44. The stock has a 50-day simple moving average of $4.88 and a 200-day simple moving average of $5.53.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter in the previous year, the business posted ($0.13) EPS. Analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insiders Place Their Bets

In other Aurora Innovation news, CEO Christopher Urmson purchased 258,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the transaction, the chief executive officer owned 258,000 shares in the company, valued at approximately $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brittany Bagley sold 50,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the sale, the director owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AUR. TD Cowen cut their target price on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Finally, Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, 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.