Capital Research Global Investors Acquires 166,100 Shares of Aurora Innovation, Inc. $AUR

Capital Research Global Investors raised its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 0.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,464,685 shares of the company’s stock after buying an additional 166,100 shares during the quarter. Capital Research Global Investors’ holdings in Aurora Innovation were worth $274,424,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Danske Bank A S bought a new stake in shares of Aurora Innovation in the 3rd quarter worth approximately $36,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC MO bought a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $40,000. Simplify Asset Management Inc. bought a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $42,000. Finally, Summit Financial Wealth Advisors LLC bought a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $46,000. 44.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AUR. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Craig Hallum began coverage on Aurora Innovation in a research report on Friday. They issued a “buy” rating and a $18.00 price objective on the stock. Wall Street Zen lowered Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average target price of $12.25.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 5,498,487 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the completion of the transaction, the director owned 77,500 shares in the company, valued at $605,275. This trade represents a 98.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 7,048,487 shares of company stock valued at $54,295,119. Company insiders own 8.52% of the company’s stock.

Aurora Innovation Price Performance

AUR opened at $6.31 on Monday. The stock has a market cap of $12.38 billion, a PE ratio of -14.34 and a beta of 2.62. The business has a 50 day moving average of $5.87 and a 200-day moving average of $4.88. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The company’s revenue was down 66.7% on a year-over-year basis. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Aurora Innovation Profile

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.