Krane Funds Advisors LLC Takes $1.24 Million Position in Aurora Innovation, Inc. $AUR

Krane Funds Advisors LLC acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 323,019 shares of the company’s stock, valued at approximately $1,240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AUR. Danske Bank A S purchased a new position in Aurora Innovation in the 3rd quarter worth approximately $36,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Aurora Innovation during the 4th quarter valued at $39,000. Stonebridge Financial Group LLC MO purchased a new stake in shares of Aurora Innovation during the 4th quarter valued at $40,000. Simplify Asset Management Inc. bought a new stake in shares of Aurora Innovation during the 4th quarter worth $42,000. Finally, Summit Financial Wealth Advisors LLC purchased a new position in Aurora Innovation in the fourth quarter worth $46,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AUR. Northland Securities assumed coverage on Aurora Innovation in a research note on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and an average target price of $12.25.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.31 on Monday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business’s 50 day simple moving average is $5.87 and its two-hundred day simple moving average is $4.88. The stock has a market capitalization of $12.38 billion, a P/E ratio of -14.34 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. The business’s quarterly revenue was down 66.7% compared to the same quarter last year. Sell-side analysts expect that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 5,498,487 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $7.81, for a total value of $42,943,183.47. Following the transaction, the director owned 77,500 shares in the company, valued at approximately $605,275. The trade was a 98.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 7,048,487 shares of company stock valued at $54,295,119 in the last 90 days. 8.52% of the stock is currently owned by insiders.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.